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Saudi Steel Pipe Co (SAU:1320) Accounts Receivable : ﷼148 Mil (As of Mar. 2024)


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What is Saudi Steel Pipe Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Saudi Steel Pipe Co's accounts receivables for the quarter that ended in Mar. 2024 was ﷼148 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Saudi Steel Pipe Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 26.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Saudi Steel Pipe Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ﷼-11.46.


Saudi Steel Pipe Co Accounts Receivable Historical Data

The historical data trend for Saudi Steel Pipe Co'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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Saudi Steel Pipe Co Accounts Receivable Chart

Saudi Steel Pipe Co 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 223.63 151.25 131.45 114.73 115.49

Saudi Steel Pipe Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only 128.31 296.93 189.76 115.49 148.36

Saudi Steel Pipe Co Accounts Receivable Calculation

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


Saudi Steel Pipe Co 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.

Saudi Steel Pipe Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=148.357/514.939*91
=26.29

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

Saudi Steel Pipe Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(129.628+0.75 * 148.357+0.5 * 501.722-878.906
-0-192.21)/50.5423
=-11.46

* 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.


Saudi Steel Pipe Co Accounts Receivable Related Terms

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Saudi Steel Pipe Co (SAU:1320) Business Description

Traded in Other Exchanges
N/A
Address
P.O.Box 11680, Dammam, SAU, 31326
Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

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