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Middle East Pharmaceutical Industries Co (SAU:4016) Accounts Receivable : ﷼171.5 Mil (As of Sep. 2024)


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What is Middle East Pharmaceutical Industries Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Middle East Pharmaceutical Industries Co's accounts receivables for the quarter that ended in Sep. 2024 was ﷼171.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Middle East Pharmaceutical Industries Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 193.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Middle East Pharmaceutical Industries Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ﷼1.64.


Middle East Pharmaceutical Industries Co Accounts Receivable Historical Data

The historical data trend for Middle East Pharmaceutical Industries 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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Middle East Pharmaceutical Industries Co Accounts Receivable Chart

Middle East Pharmaceutical Industries Co Annual Data
Trend
Accounts Receivable

Middle East Pharmaceutical Industries Co Quarterly Data
Jun23 Sep23 Jun24 Sep24
Accounts Receivable - - - 171.54

Middle East Pharmaceutical Industries Co Accounts Receivable Calculation

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


Middle East Pharmaceutical Industries 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.

Middle East Pharmaceutical Industries Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=171.536/81.061*91
=193.10

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

Middle East Pharmaceutical Industries Co'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)
=(13.802+0.75 * 171.536+0.5 * 116.293-167.849
-0-0)/20.000
=1.64

* 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.


Middle East Pharmaceutical Industries Co Accounts Receivable Related Terms

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Middle East Pharmaceutical Industries Co Business Description

Traded in Other Exchanges
N/A
Address
8146 King Muhammad V, Sulaimaniyah, P.O. Box 4180, Riyadh, SAU, 11491
Website
Middle East Pharmaceutical Industries Co is a holding company is engaged in manufacturing medicines, medicated and non-medicated creams and gels.

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