Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Change In Receivables : KWD-3.1 Mil (TTM As of Mar. 2024)

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What is Heavy Engineering Industries and Shipbuilding Co KSC Change In Receivables?

Heavy Engineering Industries and Shipbuilding Co KSC's change in receivables for the quarter that ended in Mar. 2024 was KWD-4.3 Mil. It means Heavy Engineering Industries and Shipbuilding Co KSC's Accounts Receivable increased by KWD4.3 Mil from Dec. 2023 to Mar. 2024 .

Heavy Engineering Industries and Shipbuilding Co KSC's change in receivables for the fiscal year that ended in Dec. 2023 was KWD5.3 Mil. It means Heavy Engineering Industries and Shipbuilding Co KSC's Accounts Receivable declined by KWD5.3 Mil from Dec. 2022 to Dec. 2023 .

Heavy Engineering Industries and Shipbuilding Co KSC's Accounts Receivable for the quarter that ended in Mar. 2024 was KWD30.6 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. Heavy Engineering Industries and Shipbuilding Co KSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 79.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Heavy Engineering Industries and Shipbuilding Co KSC's liquidation value for the three months ended in Mar. 2024 was KWD-79.8 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC Change In Receivables Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding 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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Heavy Engineering Industries and Shipbuilding Co KSC Change In Receivables Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-12.03

-1.92

5.59

-1.02

5.29

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															4.17	-1.58	-1.00	3.70	-4.25

Heavy Engineering Industries and Shipbuilding 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-3.1 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) 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.

Heavy Engineering Industries and Shipbuilding 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
=	30.57	/	35.253	*	91
=	79.13

2. In Ben Graham's calculation of liquidation value, Heavy Engineering Industries and Shipbuilding Co KSC's accounts receivable are only considered to be worth 75% of book value:

Heavy Engineering Industries and Shipbuilding 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)
=	7.289	-	117.628	+	0.75 * 30.57	+	0.5 * 15.226
=	-79.8

Heavy Engineering Industries and Shipbuilding Co KSC Change In Receivables Related Terms

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Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.