Professional Medical Expertise Co (SAU:9574) Accounts Receivable : ﷼99.8 Mil (As of Dec. 2022)

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What is Professional Medical Expertise Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Professional Medical Expertise Co's accounts receivables for the quarter that ended in Dec. 2022 was ﷼99.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Professional Medical Expertise Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was ﷼-2.61.

Professional Medical Expertise Co Accounts Receivable Historical Data

The historical data trend for Professional Medical Expertise 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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Professional Medical Expertise Co Accounts Receivable Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Accounts Receivable

99.79

134.54

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Accounts Receivable	99.79	134.54

Professional Medical Expertise Co Accounts Receivable Calculation

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

Professional Medical Expertise 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.

Professional Medical Expertise Co's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	99.786	/	0	*	91
=

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

Professional Medical Expertise Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(5.316	+	0.75 * 99.786	+	0.5 * 73.443	-	126.018
-	0	-	0)	/	3.500
=	-2.61

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.

Professional Medical Expertise Co Accounts Receivable Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

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