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Parkin Co (DFM:PARKIN) Change In Receivables : د.إ-285.3 Mil (TTM As of Mar. 2024)


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What is Parkin Co Change In Receivables?

Parkin Co's change in receivables for the quarter that ended in Mar. 2024 was د.إ-285.3 Mil. It means Parkin Co's Accounts Receivable increased by د.إ285.3 Mil from Dec. 2023 to Mar. 2024 .

Parkin Co's change in receivables for the fiscal year that ended in Dec. 2023 was د.إ26.9 Mil. It means Parkin Co's Accounts Receivable declined by د.إ26.9 Mil from Dec. 2022 to Dec. 2023 .

Parkin Co's Accounts Receivable for the quarter that ended in Mar. 2024 was د.إ228.7 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. Parkin Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 96.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Parkin Co's liquidation value for the three months ended in Mar. 2024 was د.إ-1,421.3 Mil.

Parkin Co Change In Receivables Historical Data

The historical data trend for Parkin Co'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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Parkin Co Change In Receivables Chart

Parkin Co Annual Data
Trend Dec21 Dec22 Dec23
Change In Receivables
-132.35 52.79 26.94

Parkin Co Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Change In Receivables - - -66.86 - -285.30

Parkin Co 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-285.3 Mil.

* 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.

Parkin Co  (DFM:PARKIN) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=228.718/215.277*91
=96.95

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

Parkin Co'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)
=102.862-1695.676+0.75 * 228.718+0.5 * 0
=-1,421.3

* 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.

Parkin Co Change In Receivables Related Terms

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Parkin Co (DFM:PARKIN) Business Description

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Address
Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE
Website
https://www.parkin.ae
Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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