Commercial Facilities CoK (KUW:FACIL) Change In Receivables : KWD2.21 Mil (TTM As of Dec. 2023)

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What is Commercial Facilities CoK Change In Receivables?

Commercial Facilities CoK's change in receivables for the quarter that ended in Dec. 2023 was KWD-0.03 Mil. It means Commercial Facilities CoK's Accounts Receivable increased by KWD0.03 Mil from Sep. 2023 to Dec. 2023 .

Commercial Facilities CoK's change in receivables for the fiscal year that ended in Dec. 2023 was KWD2.21 Mil. It means Commercial Facilities CoK's Accounts Receivable declined by KWD2.21 Mil from Dec. 2022 to Dec. 2023 .

Commercial Facilities CoK's Accounts Receivable for the quarter that ended in Dec. 2023 was KWD0.00 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. Commercial Facilities CoK's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Commercial Facilities CoK's liquidation value for the three months ended in Dec. 2023 was KWD-102.63 Mil.

Commercial Facilities CoK Change In Receivables Historical Data

The historical data trend for Commercial Facilities CoK'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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Commercial Facilities CoK Change In Receivables Chart

Commercial Facilities CoK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.08

0.68

-2.04

0.13

2.21

Commercial Facilities CoK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.75	1.77	0.36	0.11	-0.03

Commercial Facilities CoK 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 KWD2.21 Mil.

Commercial Facilities CoK (KUW:FACIL) 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.

Commercial Facilities CoK's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	3.217	*	91
=	0.00

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

Commercial Facilities CoK'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)
=	16.927	-	119.56	+	0.75 * 0	+	0.5 * 0
=	-102.63

Commercial Facilities CoK Change In Receivables Related Terms

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Commercial Facilities CoK (KUW:FACIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Commercial Facilities Co SAK (KUW:FACIL) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Abdullah Al-Ahmed Street, Sharq, P.O.Box 24284, Safat, Kuwait City, KWT, 13103

Website

http://www.cfc-kw.com

Commercial Facilities Co SAK is a Kuwait-based company engaged in the provision of instalment credit facilities to finance consumer and commercial products. Its services include financing new and used cars, boats, marine equipment, furniture and electrical appliances, basic construction materials, and granting personal cash loans, among others. The company's services fall into four divisions, including Consumer Loans, Cash Loans, Commercial Loans, and Basic Materials Loans. The company also offers its services through online.

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