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Halwani Bros (SAU:6001) Accounts Receivable : ﷼129.3 Mil (As of Mar. 2024)


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What is Halwani Bros Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Halwani Bros's accounts receivables for the quarter that ended in Mar. 2024 was ﷼129.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Halwani Bros's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Halwani Bros's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ﷼-8.88.


Halwani Bros Accounts Receivable Historical Data

The historical data trend for Halwani Bros'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.

Halwani Bros Accounts Receivable Chart

Halwani Bros 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 119.95 100.15 132.57 124.85 82.07

Halwani Bros Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 178.98 147.22 134.63 82.07 129.32

Halwani Bros Accounts Receivable Calculation

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


Halwani Bros 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.

Halwani Bros's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=129.324/270.364*91
=43.65

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

Halwani Bros's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(74.622+0.75 * 129.324+0.5 * 180.394-575.837
-0-0)/35.3572
=-8.88

* 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.


Halwani Bros Accounts Receivable Related Terms

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Halwani Bros (SAU:6001) Business Description

Traded in Other Exchanges
N/A
Address
Jeddah Industrial Area, fourth stage, PO Box 690, Jeddah, SAU, 21421
Halwani Bros is a Saudi Arabia based company engaged in the manufacturing, packaging, wholesale and retail trade of food products. It is into the production, marketing, and distribution of chilled and frozen meat, and sesame products. It offers sweets, bakery products stuffed with dates, dairy products, processed meat products, jams, and juices; Halawa; tahini; and packaging products. Substantial revenue is generated from the domestic sale of sesame products. The Group uses the geographical segment only as it operates in manufacturing, filling, whole and retail trade of food products.

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