Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Change In Receivables : ر.ع-7.0 Mil (TTM As of Dec. 2023)

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What is Al Maha Petroleum Products Marketing CoOG Change In Receivables?

Al Maha Petroleum Products Marketing CoOG's change in receivables for the quarter that ended in Dec. 2023 was ر.ع0.8 Mil. It means Al Maha Petroleum Products Marketing CoOG's Accounts Receivable declined by ر.ع0.8 Mil from Sep. 2023 to Dec. 2023 .

Al Maha Petroleum Products Marketing CoOG's change in receivables for the fiscal year that ended in Dec. 2023 was ر.ع-7.0 Mil. It means Al Maha Petroleum Products Marketing CoOG's Accounts Receivable increased by ر.ع7.0 Mil from Dec. 2022 to Dec. 2023 .

Al Maha Petroleum Products Marketing CoOG's Accounts Receivable for the quarter that ended in Dec. 2023 was ر.ع72.2 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 Maha Petroleum Products Marketing CoOG's Days Sales Outstanding for the three months ended in Dec. 2023 was 52.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Al Maha Petroleum Products Marketing CoOG's liquidation value for the three months ended in Dec. 2023 was ر.ع-20.0 Mil.

Al Maha Petroleum Products Marketing CoOG Change In Receivables Historical Data

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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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Al Maha Petroleum Products Marketing CoOG Change In Receivables Chart

Al Maha Petroleum Products Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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2.11

11.93

-16.42

-10.60

-7.01

Al Maha Petroleum Products Marketing CoOG 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															1.32	2.78	1.12	-11.66	0.76

Al Maha Petroleum Products Marketing CoOG 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 ر.ع-7.0 Mil.

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) 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 Maha Petroleum Products Marketing CoOG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.205	/	126.718	*	91
=	52.00

2. In Ben Graham's calculation of liquidation value, Al Maha Petroleum Products Marketing CoOG's accounts receivable are only considered to be worth 75% of book value:

Al Maha Petroleum Products Marketing CoOG'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)
=	42.389	-	118.528	+	0.75 * 72.205	+	0.5 * 4.013
=	-20.0

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Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Maha Petroleum Products Marketing Co SAOG (MUS:MHAS) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116

Website

https://www.almaha.com.om

Al Maha Petroleum Products Marketing Co SAOG markets and distributes petroleum products. It supplies fuel and petroleum-based products to retail, industrial, and aviation markets and offers environment-friendly oil and lubricants through its service stations. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, and Other sales. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.

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