Quara Finance Co (SAU:9596) Accounts Receivable : ﷼0.0 Mil (As of Dec. 2024)

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What is Quara Finance Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quara Finance Co's accounts receivables for the quarter that ended in Dec. 2024 was ﷼0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quara Finance Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quara Finance Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was ﷼-11.77.

Quara Finance Co Accounts Receivable Historical Data

The historical data trend for Quara Finance 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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Quara Finance Co Accounts Receivable Chart

Quara Finance Co Annual Data

Trend

Dec23

Dec24

Accounts Receivable

Quara Finance Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

Quara Finance Co Accounts Receivable Calculation

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

Quara Finance 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.

Quara Finance Co's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	59.012	*	91
=	0.00

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

Quara Finance Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(64.819	+	0.75 * 0	+	0.5 * 0	-	418.013
-	0	-	0)	/	30.000
=	-11.77

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.

Quara Finance Co Accounts Receivable Related Terms

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Quara Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quara Finance Co (SAU:9596) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8246, King Abdulaziz Road, Unit Number 15, Al - Wizarat District, Riyadh, SAU, 12622-3797

Website

https://www.quarafinance.com

Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

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