Rasan Information Technology Co (SAU:8313) Accounts Receivable : ﷼157.0 Mil (As of Sep. 2024)

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What is Rasan Information Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rasan Information Technology Co's accounts receivables for the quarter that ended in Sep. 2024 was ﷼157.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rasan Information Technology Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 130.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rasan Information Technology Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ﷼2.79.

Rasan Information Technology Co Accounts Receivable Historical Data

The historical data trend for Rasan Information Technology 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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Rasan Information Technology Co Accounts Receivable Chart

Rasan Information Technology Co Annual Data

Trend

Accounts Receivable

Rasan Information Technology Co Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Accounts Receivable	-	-	49.85	157.02

Rasan Information Technology Co Accounts Receivable Calculation

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

Rasan Information Technology 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.

Rasan Information Technology Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	157.021	/	110	*	91
=	130.26

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

Rasan Information Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(384.612	+	0.75 * 157.021	+	0.5 * 0	-	291.181
-	0	-	0)	/	75.800
=	2.79

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.

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Rasan Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Rasan Information Technology Co (SAU:8313) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248

Website

https://www.rasan.co

Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

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