Kuwait and Gulf Link Transport Co (KUW:KGL) Change In Receivables : KWD-3.8 Mil (TTM As of Sep. 2024)

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What is Kuwait and Gulf Link Transport Co Change In Receivables?

Kuwait and Gulf Link Transport Co's change in receivables for the quarter that ended in Sep. 2024 was KWD-3.8 Mil. It means Kuwait and Gulf Link Transport Co's Accounts Receivable increased by KWD3.8 Mil from Jun. 2024 to Sep. 2024 .

Kuwait and Gulf Link Transport Co's change in receivables for the fiscal year that ended in Dec. 2023 was KWD1.5 Mil. It means Kuwait and Gulf Link Transport Co's Accounts Receivable declined by KWD1.5 Mil from Dec. 2022 to Dec. 2023 .

Kuwait and Gulf Link Transport Co's Accounts Receivable for the quarter that ended in Sep. 2024 was KWD26.0 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. Kuwait and Gulf Link Transport Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 91.47.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kuwait and Gulf Link Transport Co's liquidation value for the three months ended in Sep. 2024 was KWD-117.0 Mil.

Kuwait and Gulf Link Transport Co Change In Receivables Historical Data

The historical data trend for Kuwait and Gulf Link Transport 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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Kuwait and Gulf Link Transport Co Change In Receivables Chart

Kuwait and Gulf Link Transport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-21.47

17.25

1.94

-1.70

1.53

Kuwait and Gulf Link Transport Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-1.18	0.48	-0.38	-0.08	-3.84

Kuwait and Gulf Link Transport 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-3.8 Mil.

Kuwait and Gulf Link Transport Co (KUW:KGL) 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.

Kuwait and Gulf Link Transport Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.04	/	25.976	*	91
=	91.47

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

Kuwait and Gulf Link Transport Co's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.124	-	154.712	+	0.75 * 26.04	+	0.5 * 26.202
=	-117.0

Kuwait and Gulf Link Transport Co Change In Receivables Related Terms

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Kuwait and Gulf Link Transport Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kuwait and Gulf Link Transport Co (KUW:KGL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Sharq, Dasman Complex, Block 2, P.O. Box 22351, 9th Floor, Safat, Kuwait, KWT, 13084

Website

http://www.kgl.com

Kuwait and Gulf Link Transport Co are engaged in the logistics and land transportation business. The company's activities include general cargo and stevedoring services at seaports, container terminal operations, general cargo transport, and handling services, container transport, and handling services, heavy equipment lease services, heavy-lift transport services, fuel haulage services, municipal service, and cleaning services. Its operating segment includes Transportation; Logistics services; Rental & leasing services and others. The company generates maximum revenue from the Logistics services segment.

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