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Al Enmaa Real Estate Co (KUW:ERESCO) Change In Receivables : KWD0.90 Mil (TTM As of Apr. 2024)


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What is Al Enmaa Real Estate Co Change In Receivables?

Al Enmaa Real Estate Co's change in receivables for the quarter that ended in Apr. 2024 was KWD-0.81 Mil. It means Al Enmaa Real Estate Co's Accounts Receivable increased by KWD0.81 Mil from Jan. 2024 to Apr. 2024 .

Al Enmaa Real Estate Co's change in receivables for the fiscal year that ended in Oct. 2023 was KWD1.12 Mil. It means Al Enmaa Real Estate Co's Accounts Receivable declined by KWD1.12 Mil from Oct. 2022 to Oct. 2023 .

Al Enmaa Real Estate Co's Accounts Receivable for the quarter that ended in Apr. 2024 was KWD6.94 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. Al Enmaa Real Estate Co's Days Sales Outstanding for the three months ended in Apr. 2024 was 232.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Al Enmaa Real Estate Co's liquidation value for the three months ended in Apr. 2024 was KWD-1.79 Mil.


Al Enmaa Real Estate Co Change In Receivables Historical Data

The historical data trend for Al Enmaa Real Estate 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.

* Premium members only.

Al Enmaa Real Estate Co Change In Receivables Chart

Al Enmaa Real Estate Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 -0.53 3.99 5.56 1.12

Al Enmaa Real Estate Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 0.21 1.17 0.34 -0.81

Al Enmaa Real Estate 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD0.90 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.


Al Enmaa Real Estate Co  (KUW:ERESCO) 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.

Al Enmaa Real Estate Co's Days Sales Outstanding for the quarter that ended in Apr. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6.942/2.722*91
=232.72

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

Al Enmaa Real Estate Co's liquidation value for the quarter that ended in Apr. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=7.676-14.676+0.75 * 6.942+0.5 * 0.01
=-1.79

* 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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Al Enmaa Real Estate Co (KUW:ERESCO) Business Description

Traded in Other Exchanges
N/A
Address
Al-Enmaa Tower, Abdullah Al-Mubarak Street, P.O. Box 24544, 1st, 2nd and Mezzanine Floors, Opposite Scientific Museum, Mirqab, Kuwait, KWT, 13160
Al Enmaa Real Estate Co is a real estate development and investment company. It is organized into the following operating segments namely Construction, Services Rendered, Real Estate, and Investments. The Services Rendered segment undertakes contracts to construct buildings and maintenance of mechanical and electrical spare parts and building materials. It generates maximum revenue from the Services Rendered segment.

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