GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » Accounts Receivable

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Accounts Receivable : ﷼35.2 Mil (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Aqaseem Factory for Chemicals & Plastics Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aqaseem Factory for Chemicals & Plastics Co's accounts receivables for the quarter that ended in Dec. 2023 was ﷼35.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aqaseem Factory for Chemicals & Plastics Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 84.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aqaseem Factory for Chemicals & Plastics Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼-7.19.


Aqaseem Factory for Chemicals & Plastics Co Accounts Receivable Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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.

* Premium members only.

Aqaseem Factory for Chemicals & Plastics Co Accounts Receivable Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
26.40 27.98 35.18

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial 26.40 30.04 27.98 - 35.18

Aqaseem Factory for Chemicals & Plastics Co Accounts Receivable Calculation

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


Aqaseem Factory for Chemicals & Plastics 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.

Aqaseem Factory for Chemicals & Plastics Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=35.177/76.211*91
=84.24

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Aqaseem Factory for Chemicals & Plastics Co's accounts receivable are only considered to be worth 75% of book value:

Aqaseem Factory for Chemicals & Plastics Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(8.397+0.75 * 35.177+0.5 * 15.208-60.368
-0-0)/2.5
=-7.19

* 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.


Aqaseem Factory for Chemicals & Plastics Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Aqaseem Factory for Chemicals & Plastics Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Traded in Other Exchanges
N/A
Address
East Ring Road - between exit 17 and 18, Riyadh, SAU
Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Headlines

No Headlines