Palms Sports PJSC (ADX:PALMS) Change In Receivables : د.إ22.1 Mil (TTM As of Dec. 2023)

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What is Palms Sports PJSC Change In Receivables?

Palms Sports PJSC's change in receivables for the quarter that ended in Dec. 2023 was د.إ8.6 Mil. It means Palms Sports PJSC's Accounts Receivable declined by د.إ8.6 Mil from Sep. 2023 to Dec. 2023 .

Palms Sports PJSC's change in receivables for the fiscal year that ended in Dec. 2023 was د.إ22.1 Mil. It means Palms Sports PJSC's Accounts Receivable declined by د.إ22.1 Mil from Dec. 2022 to Dec. 2023 .

Palms Sports PJSC's Accounts Receivable for the quarter that ended in Dec. 2023 was د.إ321.0 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. Palms Sports PJSC's Days Sales Outstanding for the three months ended in Dec. 2023 was 122.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Palms Sports PJSC's liquidation value for the three months ended in Dec. 2023 was د.إ233.4 Mil.

Palms Sports PJSC Change In Receivables Historical Data

The historical data trend for Palms Sports PJSC'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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Palms Sports PJSC Change In Receivables Chart

Palms Sports PJSC Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

27.29

-20.38

22.10

Palms Sports PJSC Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial									9.04	-24.94	1.05	37.39	8.60

Palms Sports PJSC 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ22.1 Mil.

Palms Sports PJSC (ADX:PALMS) 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.

Palms Sports PJSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	321.012	/	238.955	*	91
=	122.59

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

Palms Sports PJSC's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	378.825	-	389.417	+	0.75 * 321.012	+	0.5 * 6.559
=	233.4

Palms Sports PJSC Change In Receivables Related Terms

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Palms Sports PJSC (ADX:PALMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palms Sports PJSC (ADX:PALMS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, 4th Floor, Royal Group Head Office, P.O. 39877, Ministries Complex, Abu Dhabi, ARE

Website

http://www.palmssports.com

Palms Sports PJSC is a sports management and marketing company. The company is one of the leading providers of sports training programs, with a competitive edge with regard to Jiu-Jitsu, mixed martial arts, and combat sports. Also, the company provides event management services, media management, public relations, and promotion services.

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