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United Finance CoOG (MUS:UFCI) Accounts Receivable : ر.ع0.00 Mil (As of Mar. 2023)


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What is United Finance CoOG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. United Finance CoOG's accounts receivables for the quarter that ended in Mar. 2023 was ر.ع0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. United Finance CoOG's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. United Finance CoOG's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ر.ع-0.14.


United Finance CoOG Accounts Receivable Historical Data

The historical data trend for United Finance 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.

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United Finance CoOG Accounts Receivable Chart

United Finance CoOG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
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United Finance CoOG Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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United Finance CoOG Accounts Receivable Calculation

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


United Finance 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.

United Finance CoOG's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1.534*91
=0.00

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

United Finance CoOG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.388+0.75 * 0+0.5 * 0-52.499
-0-0)/363.25
=-0.14

* 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.


United Finance CoOG Accounts Receivable Related Terms

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United Finance CoOG (MUS:UFCI) Business Description

Traded in Other Exchanges
N/A
Address
Ruwi, P.O Box 3652, Muscat, OMN, 112
United Finance Co SAOG is engaged in providing vehicle and equipment financing. The operating segments of the group are Corporate and Retail. It is also licensed to provide composite loans, bridge loans, hire purchases, debt factoring, and financing of receivables and leasing in the Sultanate of Oman. The company offers a wide range of financing products, corporate deposits, and Bancassurance.

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