Saudi Manpower Solutions Co (SMASCO) (SAU:1834) Accounts Receivable : ﷼340.2 Mil (As of Sep. 2024)

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What is Saudi Manpower Solutions Co (SMASCO) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Saudi Manpower Solutions Co (SMASCO)'s accounts receivables for the quarter that ended in Sep. 2024 was ﷼340.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Saudi Manpower Solutions Co (SMASCO)'s Days Sales Outstanding for the quarter that ended in Sep. 2024 was 66.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Saudi Manpower Solutions Co (SMASCO)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ﷼-0.13.

Saudi Manpower Solutions Co (SMASCO) Accounts Receivable Historical Data

The historical data trend for Saudi Manpower Solutions Co (SMASCO)'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 Manpower Solutions Co (SMASCO) Accounts Receivable Chart

Saudi Manpower Solutions Co (SMASCO) Annual Data

Trend

Accounts Receivable

Saudi Manpower Solutions Co (SMASCO) Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Accounts Receivable	-	-	355.48	340.22

Saudi Manpower Solutions Co (SMASCO) Accounts Receivable Calculation

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

Saudi Manpower Solutions Co (SMASCO) 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 Manpower Solutions Co (SMASCO)'s Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	340.224	/	463.475	*	91
=	66.98

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

Saudi Manpower Solutions Co (SMASCO)'s Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(218.355	+	0.75 * 340.224	+	0.5 * 0	-	526.194
-	0	-	0)	/	400.000
=	-0.13

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.

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Saudi Manpower Solutions Co (SMASCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Saudi Manpower Solutions Co (SMASCO) (SAU:1834) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6527 Al Olaya Street, P.O. Box 91279, Al Ghadeer District, Riyadh, SAU, 13311

Website

https://www.smasco.com

Saudi Manpower Solutions Co (SMASCO) is a Company whose main activities is temporary employment agency services for home services and temporary employment agency services for foreign labour. It has distinguished itself in the manpower industry by offering a comprehensive suite of services tailored to corporate clients. These services are designed to address the demands of various sectors, encompass everything from basic manpower provision to total manpower solutions.

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