Borouge (ADX:BOROUGE) Change In Receivables : د.إ-2 Mil (TTM As of Mar. 2024)

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What is Borouge Change In Receivables?

Borouge's change in receivables for the quarter that ended in Mar. 2024 was د.إ329 Mil. It means Borouge's Accounts Receivable declined by د.إ329 Mil from Dec. 2023 to Mar. 2024 .

Borouge's change in receivables for the fiscal year that ended in Dec. 2023 was د.إ376 Mil. It means Borouge's Accounts Receivable declined by د.إ376 Mil from Dec. 2022 to Dec. 2023 .

Borouge's Accounts Receivable for the quarter that ended in Mar. 2024 was د.إ2,586 Mil.

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 Receivable are being managed. Borouge's Days Sales Outstanding for the three months ended in Mar. 2024 was 49.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Borouge's liquidation value for the three months ended in Mar. 2024 was د.إ-12,370 Mil.

Borouge Change In Receivables Historical Data

The historical data trend for Borouge's Change In Receivables 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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Borouge Change In Receivables Chart

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

375.51

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial				706.31	-270.85	283.25	-343.21	329.23

Borouge Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-2 Mil.

Borouge (ADX:BOROUGE) Change In Receivables 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 Receivable are being managed.

Borouge's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2585.835	/	4782.956	*	91
=	49.33

2. In Ben Graham's calculation of liquidation value, Borouge's accounts receivable are only considered to be worth 75% of book value:

Borouge's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2892.204	-	18429.001	+	0.75 * 2585.835	+	0.5 * 2454.803
=	-12,370

Borouge Change In Receivables Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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