Oman United Insurance CoOG (MUS:OUIC) Change In Receivables : ر.ع-2.30 Mil (TTM As of Mar. 2023)

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What is Oman United Insurance CoOG Change In Receivables?

Oman United Insurance CoOG's change in receivables for the quarter that ended in Mar. 2023 was ر.ع-2.39 Mil. It means Oman United Insurance CoOG's Accounts Receivable increased by ر.ع2.39 Mil from Sep. 2022 to Mar. 2023 .

Oman United Insurance CoOG's change in receivables for the fiscal year that ended in Dec. 2021 was ر.ع-1.87 Mil. It means Oman United Insurance CoOG's Accounts Receivable increased by ر.ع1.87 Mil from Dec. 2020 to Dec. 2021 .

Oman United Insurance CoOG's Accounts Receivable for the quarter that ended in Mar. 2023 was ر.ع7.59 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. Oman United Insurance CoOG's Days Sales Outstanding for the three months ended in Mar. 2023 was 109.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Oman United Insurance CoOG's liquidation value for the three months ended in Mar. 2023 was ر.ع-74.14 Mil.

Oman United Insurance CoOG Change In Receivables Historical Data

The historical data trend for Oman United Insurance 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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Oman United Insurance CoOG Change In Receivables Chart

Oman United Insurance CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Change In Receivables

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-0.30

0.43

0.22

0.59

-1.87

Oman United Insurance CoOG Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Change In Receivables	Get a 7-Day Free Trial															0.99	-4.08	-0.45	0.54	-2.39

Oman United Insurance 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع-2.30 Mil.

Oman United Insurance CoOG (MUS:OUIC) 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.

Oman United Insurance CoOG's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.591	/	6.347	*	91
=	109.13

2. In Ben Graham's calculation of liquidation value, Oman United Insurance CoOG's accounts receivable are only considered to be worth 75% of book value:

Oman United Insurance CoOG's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.264	-	85.097	+	0.75 * 7.591	+	0.5 * 0
=	-74.14

Oman United Insurance CoOG Change In Receivables Related Terms

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Oman United Insurance CoOG (MUS:OUIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman United Insurance Co SAOG (MUS:OUIC) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112

Website

http://www.omanutd.com

Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.

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