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Saudi Printing & Packaging Co (SAU:4270) Accounts Receivable : ﷼210.8 Mil (As of Dec. 2023)


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What is Saudi Printing & Packaging Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Saudi Printing & Packaging Co's accounts receivables for the quarter that ended in Dec. 2023 was ﷼210.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Saudi Printing & Packaging Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 111.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Saudi Printing & Packaging Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼-12.21.


Saudi Printing & Packaging Co Accounts Receivable Historical Data

The historical data trend for Saudi Printing & Packaging 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 Printing & Packaging Co Accounts Receivable Chart

Saudi Printing & Packaging 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 279.91 247.16 266.10 262.32 210.79

Saudi Printing & Packaging Co 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 262.32 239.30 238.20 242.84 210.79

Saudi Printing & Packaging Co Accounts Receivable Calculation

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


Saudi Printing & Packaging 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 Printing & Packaging Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=210.785/172.076*91
=111.78

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

Saudi Printing & Packaging Co'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)
=(36.352+0.75 * 210.785+0.5 * 191.436-1022.701
-0-0)/60
=-12.21

* 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 Printing & Packaging Co Accounts Receivable Related Terms

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Saudi Printing & Packaging Co (SAU:4270) Business Description

Traded in Other Exchanges
N/A
Address
King Fahad Road, Nakheel Tower, PO Box 50202, Riyadh, SAU, 11523
Saudi Printing & Packaging Co is a printing house in the Middle East and Northern Africa. The business activity of the group is operated in three segments namely Printing, Packaging, and Other. The Printing segment includes printing works, related tools, and required raw materials. The Packaging segment comprises of printing works on plastic and commercial labels, as well as plastic products. The Other Segment includes the head office, management's operations, investing activities, and others. The majority of the revenue derives from the Printing segment. Geographically, the activities of the group and its subsidiaries are conducted in Saudi Arabia and the United Arab Emirates.

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