Al Rajhi REIT Fund (SAU:4340) Accounts Receivable : ﷼33.6 Mil (As of Jun. 2024)

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What is Al Rajhi REIT Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Al Rajhi REIT Fund's accounts receivables for the quarter that ended in Jun. 2024 was ﷼33.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Al Rajhi REIT Fund's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 52.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Al Rajhi REIT Fund's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ﷼-3.02.

Al Rajhi REIT Fund Accounts Receivable Historical Data

The historical data trend for Al Rajhi REIT Fund'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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Al Rajhi REIT Fund Accounts Receivable Chart

Al Rajhi REIT Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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5.20

39.70

29.32

24.82

43.63

Al Rajhi REIT Fund Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial							23.06	24.82	42.48	43.63	33.59

Al Rajhi REIT Fund Accounts Receivable Calculation

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

Al Rajhi REIT Fund 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.

Al Rajhi REIT Fund's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	33.588	/	116.834	*	91
=	52.47

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Al Rajhi REIT Fund's accounts receivable are only considered to be worth 75% of book value:

Al Rajhi REIT Fund's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(87.545	+	0.75 * 33.588	+	0.5 * 0	-	945.998
-	0	-	0)	/	275.607
=	-3.02

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.

Al Rajhi REIT Fund Accounts Receivable Related Terms

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Al Rajhi REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Al Rajhi REIT Fund (SAU:4340) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, Unit No. 1, PO Box 5561, Al Muruj District, Riyadh, SAU, 11432

Website

https://www.alrajhi-capital.com

Al Rajhi REIT Fund is a close-ended real estate investment traded fund. The investment objective of the company is to invest in income-generating real estate assets. It is divided into four divisions namely Brokerage, Asset Management, Investment Banking, and Research. The Brokerage Division offers a comprehensive brokerage and execution service, The Asset management division manages global, regional, and local mutual funds. Investment Banking offers a complete range of strategic financial advisory services, including debt and equity structuring and arranging to assist clients in achieving their business and financial goals. The research division focuses on delivering detailed investment analysis of regional and international equity, markets, and economies.

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