Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Change In Receivables : KWD-2.4 Mil (TTM As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Change In Receivables?

Ali Alghanim Sons Automotive Co KSC's change in receivables for the quarter that ended in Mar. 2024 was KWD-1.6 Mil. It means Ali Alghanim Sons Automotive Co KSC's Accounts Receivable increased by KWD1.6 Mil from Dec. 2023 to Mar. 2024 .

Ali Alghanim Sons Automotive Co KSC's change in receivables for the fiscal year that ended in Dec. 2023 was KWD0.8 Mil. It means Ali Alghanim Sons Automotive Co KSC's Accounts Receivable declined by KWD0.8 Mil from Dec. 2022 to Dec. 2023 .

Ali Alghanim Sons Automotive Co KSC's Accounts Receivable for the quarter that ended in Mar. 2024 was KWD10.5 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. Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 14.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ali Alghanim Sons Automotive Co KSC's liquidation value for the three months ended in Mar. 2024 was KWD-87.3 Mil.

Ali Alghanim Sons Automotive Co KSC Change In Receivables Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Change In Receivables Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

0.18

-1.29

0.85

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial							1.72	-1.77	-0.09	0.99	-1.57

Ali Alghanim Sons Automotive Co KSC 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 KWD-2.4 Mil.

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) 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.

Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.548	/	64.227	*	91
=	14.99

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

Ali Alghanim Sons Automotive Co KSC'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)
=	18.998	-	151.346	+	0.75 * 10.548	+	0.5 * 74.175
=	-87.3

Ali Alghanim Sons Automotive Co KSC Change In Receivables Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.