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Oman Oil Marketing CoOG (MUS:OOMS) Accounts Receivable : ر.ع52.9 Mil (As of Dec. 2023)


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What is Oman Oil Marketing CoOG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oman Oil Marketing CoOG's accounts receivables for the quarter that ended in Dec. 2023 was ر.ع52.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Oman Oil Marketing CoOG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Oman Oil Marketing CoOG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ر.ع-1.25.


Oman Oil Marketing CoOG Accounts Receivable Historical Data

The historical data trend for Oman Oil Marketing CoOG's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oman Oil Marketing CoOG Accounts Receivable Chart

Oman Oil Marketing CoOG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.24 35.10 64.95 87.06 52.94

Oman Oil Marketing CoOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.24 35.10 64.95 87.06 52.94

Oman Oil Marketing CoOG Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Oman Oil Marketing CoOG Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Oman Oil Marketing CoOG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=52.942/819.267*91
=11.79

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Oman Oil Marketing CoOG's accounts receivable are only considered to be worth 75% of book value:

Oman Oil Marketing CoOG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27.176+0.75 * 52.942+0.5 * 8.709-152.027
-0-0)/64.5
=-1.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Oman Oil Marketing CoOG Accounts Receivable Related Terms

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Oman Oil Marketing CoOG Business Description

Traded in Other Exchanges
N/A
Address
Madinat Al Erfaan (Muscat Hills), P.O. Box 92, Muscat, OMN, 116
Oman Oil Marketing Co SAOG is engaged in the marketing and distribution of petroleum products. Its operating segment includes Retail, Commercial, Aviation, and Others. It generates maximum revenue from the Retail segment. Geographically, the company generates the majority of its revenue from the Sultanate of Oman. Its products and services include fuel retailing stations, fuel cards, Alain, lubricants, storage and distribution, aviation fuels, commercial fuels, and bunkering marine fuel.

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