Ades Holding Co (SAU:2382) Change In Receivables : ﷼-131 Mil (TTM As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Ades Holding Co Change In Receivables?

Ades Holding Co's change in receivables for the quarter that ended in Mar. 2024 was ﷼-131 Mil. It means Ades Holding Co's Accounts Receivable increased by ﷼131 Mil from Dec. 2023 to Mar. 2024 .

Ades Holding Co's change in receivables for the fiscal year that ended in Dec. 2023 was ﷼-419 Mil. It means Ades Holding Co's Accounts Receivable increased by ﷼419 Mil from . 20 to Dec. 2023 .

Ades Holding Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ﷼662 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. Ades Holding Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.44.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ades Holding Co's liquidation value for the three months ended in Mar. 2024 was ﷼-12,935 Mil.

Ades Holding Co Change In Receivables Historical Data

The historical data trend for Ades Holding 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.

* Premium members only.

Ades Holding Co Change In Receivables Chart

Ades Holding Co Annual Data

Trend

Dec23

Change In Receivables

-419.12

Ades Holding Co Quarterly Data
	Mar23	Dec23	Mar24
Change In Receivables	-338.65	-	-130.96

Ades Holding 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-131 Mil.

Ades Holding Co (SAU:2382) 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.

Ades Holding Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	662.216	/	1532.07	*	91
=	39.44

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

Ades Holding Co'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)
=	474.607	-	14098.418	+	0.75 * 662.216	+	0.5 * 384.375
=	-12,935

Ades Holding Co Change In Receivables Related Terms

Thank you for viewing the detailed overview of Ades Holding Co's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Ades Holding Co (SAU:2382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203

Website

https://www.adesgroup.com

Ades Holding Co is a company whose main purpose is oil and gas drilling and production services providing in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

Ades Holding Co (SAU:2382) Headlines

No Headlines