Gas Arabian Services Co (SAU:9528) Accounts Receivable : ﷼276.3 Mil (As of Jun. 2024)

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What is Gas Arabian Services Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gas Arabian Services Co's accounts receivables for the quarter that ended in Jun. 2024 was ﷼276.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gas Arabian Services Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 104.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gas Arabian Services Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ﷼-0.16.

Gas Arabian Services Co Accounts Receivable Historical Data

The historical data trend for Gas Arabian Services 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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Gas Arabian Services Co Accounts Receivable Chart

Gas Arabian Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

212.41

161.68

167.99

Gas Arabian Services Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			161.09	161.68	214.78	167.99	276.27

Gas Arabian Services Co Accounts Receivable Calculation

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

Gas Arabian Services 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.

Gas Arabian Services Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	276.27	/	481.541	*	91
=	104.70

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

Gas Arabian Services Co'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)
=	(63.173	+	0.75 * 276.27	+	0.5 * 67.187	-	328.73
-	0	-	0)	/	157.585
=	-0.16

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.

Gas Arabian Services Co Accounts Receivable Related Terms

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Gas Arabian Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Arabian Services Co (SAU:9528) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit no. 8500, Dammam, SAU, 32241-5150

Website

https://www.gasarabian.com

Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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