Noor Financial Investment Co (KUW:NOOR) Change In Receivables : KWD4.73 Mil (TTM As of Jun. 2024)

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What is Noor Financial Investment Co Change In Receivables?

Noor Financial Investment Co's change in receivables for the quarter that ended in Jun. 2024 was KWD0.59 Mil. It means Noor Financial Investment Co's Accounts Receivable declined by KWD0.59 Mil from Mar. 2024 to Jun. 2024 .

Noor Financial Investment Co's change in receivables for the fiscal year that ended in Dec. 2023 was KWD4.64 Mil. It means Noor Financial Investment Co's Accounts Receivable declined by KWD4.64 Mil from Dec. 2022 to Dec. 2023 .

Noor Financial Investment Co's Accounts Receivable for the quarter that ended in Jun. 2024 was KWD2.65 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. Noor Financial Investment Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 57.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Noor Financial Investment Co's liquidation value for the three months ended in Jun. 2024 was KWD10.83 Mil.

Noor Financial Investment Co Change In Receivables Historical Data

The historical data trend for Noor Financial Investment 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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Noor Financial Investment Co Change In Receivables Chart

Noor Financial Investment Co Annual Data

Trend

Dec14

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Dec16

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Dec20

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Dec22

Dec23

Change In Receivables

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0.72

-0.59

-0.37

0.03

4.64

Noor Financial Investment Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Receivables	Get a 7-Day Free Trial															13.92	4.92	0.25	-1.04	0.59

Noor Financial Investment 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD4.73 Mil.

Noor Financial Investment Co (KUW:NOOR) 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.

Noor Financial Investment Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.653	/	4.206	*	91
=	57.56

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

Noor Financial Investment Co's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	37.981	-	29.601	+	0.75 * 2.653	+	0.5 * 0.914
=	10.83

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Noor Financial Investment Co Business Description

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Address

Intersection of Jahra Street & Airport Road, PO Box 3311, Safat, Noor Building, Shuwaikh, Kuwait, KWT, 13034

Website

https://www.noorinvestment.com

Noor Financial Investment Co is engaged in investment activities and financial services primarily in Kuwait, the Middle East, Asia, and other emerging markets. It has a diverse portfolio of Direct Capital Market Investments, Real Estate and Alternative Investments. The company manages a proprietary listed equity portfolio comprising local, GCC and international equities. The Marketable Securities Unit continues to deploy funds in GCC and International equity markets achieving strong returns. The company operates in four segment i.e investment, Real Estate, IT services, and Hotel business.

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