United Gulf Investment BSC (BAH:UGIC) Change In Receivables : BHD-5.99 Mil (TTM As of Mar. 2024)

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What is United Gulf Investment BSC Change In Receivables?

United Gulf Investment BSC's change in receivables for the quarter that ended in Mar. 2024 was BHD-5.54 Mil. It means United Gulf Investment BSC's Accounts Receivable increased by BHD5.54 Mil from Dec. 2023 to Mar. 2024 .

United Gulf Investment BSC's change in receivables for the fiscal year that ended in Dec. 2023 was BHD-0.85 Mil. It means United Gulf Investment BSC's Accounts Receivable increased by BHD0.85 Mil from Dec. 2022 to Dec. 2023 .

United Gulf Investment BSC's Accounts Receivable for the quarter that ended in Mar. 2024 was BHD5.25 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. United Gulf Investment BSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 44.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. United Gulf Investment BSC's liquidation value for the three months ended in Mar. 2024 was BHD-10.82 Mil.

United Gulf Investment BSC Change In Receivables Historical Data

The historical data trend for United Gulf Investment BSC'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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United Gulf Investment BSC Change In Receivables Chart

United Gulf Investment BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.95

-3.80

-1.36

4.08

-0.85

United Gulf Investment BSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.41	-4.18	4.74	-1.01	-5.54

United Gulf Investment BSC 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 BHD-5.99 Mil.

United Gulf Investment BSC (BAH:UGIC) 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.

United Gulf Investment BSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.254	/	10.868	*	91
=	44.11

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

United Gulf Investment BSC'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)
=	3.027	-	27.05	+	0.75 * 5.254	+	0.5 * 18.517
=	-10.82

United Gulf Investment BSC Change In Receivables Related Terms

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United Gulf Investment BSC (BAH:UGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Gulf Investment Corp BSC (BAH:UGIC) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR

Website

https://www.ugiccorp.com

United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.