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National Co for Learning and Education (SAU:4291) Accounts Receivable : ﷼46.2 Mil (As of Feb. 2024)


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What is National Co for Learning and Education Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. National Co for Learning and Education's accounts receivables for the quarter that ended in Feb. 2024 was ﷼46.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. National Co for Learning and Education's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 29.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. National Co for Learning and Education's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was ﷼-12.09.


National Co for Learning and Education Accounts Receivable Historical Data

The historical data trend for National Co for Learning and Education'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.

* Premium members only.

National Co for Learning and Education Accounts Receivable Chart

National Co for Learning and Education Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 36.31 19.37 22.71 22.20

National Co for Learning and Education Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 44.99 40.28 22.20 39.45 46.21

National Co for Learning and Education Accounts Receivable Calculation

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


National Co for Learning and Education 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.

National Co for Learning and Education's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=46.211/141.037*91
=29.90

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), National Co for Learning and Education's accounts receivable are only considered to be worth 75% of book value:

National Co for Learning and Education's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(11.954+0.75 * 46.211+0.5 * 2.124-567.433
-0-0)/43
=-12.09

* 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.


National Co for Learning and Education Accounts Receivable Related Terms

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National Co for Learning and Education (SAU:4291) Business Description

Traded in Other Exchanges
N/A
Address
Prince Majid Bin Abdul Aziz Street, P.O. Box 41980, Al Nozha Neighborhood, Al Rayyan District, Riyadh, SAU, 11531
National Co for Learning and Education is a provider of educational and learning services based in Riyadh, Saudi Arabia. It is engaged in ownership, establishment and management of private schools for general education (pre-university) in addition to investment in sport and entertainment along with sport clubs for school students. The company offers educational complexes that accommodate more than 15 thousand students, distributed in all stages from kindergarten, primary, intermediate and high school, according to the national curriculum and international curricula, with scientific laboratories on one hand, and entertainment facilities and sports clubs on the other hand. The company's business segments include Al-Rayan schools, Al-Rawabi schools, Al-Nuzha schools among others.

National Co for Learning and Education (SAU:4291) Headlines

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