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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Accounts Receivable : ﷼17.0 Mil (As of Dec. 2023)


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What is AlMuneef Co For Trade Industry Agriculture And Contracting Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AlMuneef Co For Trade Industry Agriculture And Contracting's accounts receivables for the quarter that ended in Dec. 2023 was ﷼17.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AlMuneef Co For Trade Industry Agriculture And Contracting's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AlMuneef Co For Trade Industry Agriculture And Contracting's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼11.04.


AlMuneef Co For Trade Industry Agriculture And Contracting Accounts Receivable Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Accounts Receivable Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
10.21 16.34 17.00

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Accounts Receivable - 16.34 21.72 17.00

AlMuneef Co For Trade Industry Agriculture And Contracting Accounts Receivable Calculation

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


AlMuneef Co For Trade Industry Agriculture And Contracting 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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=17.002/121.958*91
=25.44

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), AlMuneef Co For Trade Industry Agriculture And Contracting's accounts receivable are only considered to be worth 75% of book value:

AlMuneef Co For Trade Industry Agriculture And Contracting'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)
=(30.048+0.75 * 17.002+0.5 * 34.914-18.308
-0-0)/3.8
=11.04

* 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.


AlMuneef Co For Trade Industry Agriculture And Contracting Accounts Receivable Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Traded in Other Exchanges
N/A
Address
Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314
AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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