Advance International Co for Communication and Information Technology (SAU:9524) Accounts Receivable : ﷼24.16 Mil (As of Jun. 2024)

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What is Advance International Co for Communication and Information Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Advance International Co for Communication and Information Technology's accounts receivables for the quarter that ended in Jun. 2024 was ﷼24.16 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Advance International Co for Communication and Information Technology's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 172.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Advance International Co for Communication and Information Technology's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ﷼0.04.

Advance International Co for Communication and Information Technology Accounts Receivable Historical Data

The historical data trend for Advance International Co for Communication and Information Technology'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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Advance International Co for Communication and Information Technology Accounts Receivable Chart

Advance International Co for Communication and Information Technology Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

8.64

12.92

16.96

Advance International Co for Communication and Information Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			1,603.26	12.92	17.46	16.96	24.16

Advance International Co for Communication and Information Technology Accounts Receivable Calculation

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

Advance International Co for Communication and Information Technology 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.

Advance International Co for Communication and Information Technology's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	24.164	/	25.57	*	91
=	172.46

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

Advance International Co for Communication and Information Technology'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)
=	(3.146	+	0.75 * 24.164	+	0.5 * 18.172	-	27.732
-	0	-	0)	/	64.000
=	0.04

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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Advance International Co for Communication and Information Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Advance International Co for Communication and Information Technology (SAU:9524) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

King Fahd Road, Olaya District 7792, PO Box 54823, In Fornt Of Al Faislia, Riyadh, SAU, 12313

Website

https://www.aictec.com

Advance International Co for Communication and Information Technology is engaged in the import, sale, installation, operation, and maintenance of security surveillance cameras, bag and parcel inspection devices, security fences, biometric magnetic card entry, and exit gates, communications technology, networks, and computer software.

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