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Emaar the Economic City JSC (SAU:4220) Accounts Receivable : ﷼372 Mil (As of Dec. 2023)


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What is Emaar the Economic City JSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Emaar the Economic City JSC's accounts receivables for the quarter that ended in Dec. 2023 was ﷼372 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Emaar the Economic City JSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 323.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Emaar the Economic City JSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼-5.90.


Emaar the Economic City JSC Accounts Receivable Historical Data

The historical data trend for Emaar the Economic City JSC'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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Emaar the Economic City JSC Accounts Receivable Chart

Emaar the Economic City JSC 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 506.32 644.24 511.48 336.37 372.05

Emaar the Economic City JSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only 336.37 429.25 339.48 301.29 372.05

Emaar the Economic City JSC Accounts Receivable Calculation

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


Emaar the Economic City JSC 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.

Emaar the Economic City JSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=372.051/105.011*91
=323.30

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Emaar the Economic City JSC's accounts receivable are only considered to be worth 75% of book value:

Emaar the Economic City JSC'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)
=(179.077+0.75 * 372.051+0.5 * 839.341-8743.415
-0-0)/1333.33
=-5.90

* 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.


Emaar the Economic City JSC Accounts Receivable Related Terms

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Emaar the Economic City JSC (SAU:4220) Business Description

Traded in Other Exchanges
N/A
Address
Abdullah Economic City, Rabigh, SAU
Emaar the Economic City JSC is a real estate development and management company. The main activity of the company is the development of the King Abdullah Economic City (KAEC). It is also engaged in the development of real estate in the economic and other zones and other development activities, including infrastructures, promotion, marketing and sale of land within development areas, development of buildings and housing units, and construction on behalf of other parties.

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