Watani Iron Steel Co (SAU:9513) Change In Receivables : ﷼-0.4 Mil (TTM As of Jun. 2024)

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What is Watani Iron Steel Co Change In Receivables?

Watani Iron Steel Co's change in receivables for the quarter that ended in Jun. 2024 was ﷼-0.4 Mil. It means Watani Iron Steel Co's Accounts Receivable increased by ﷼0.4 Mil from Dec. 2023 to Jun. 2024 .

Watani Iron Steel Co's change in receivables for the fiscal year that ended in Dec. 2023 was ﷼0.0 Mil. It means Watani Iron Steel Co's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Watani Iron Steel Co's Accounts Receivable for the quarter that ended in Jun. 2024 was ﷼0.4 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. Watani Iron Steel Co's Days Sales Outstanding for the six months ended in Jun. 2024 was 0.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Watani Iron Steel Co's liquidation value for the six months ended in Jun. 2024 was ﷼-84.3 Mil.

Watani Iron Steel Co Change In Receivables Historical Data

The historical data trend for Watani Iron Steel 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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Watani Iron Steel Co Change In Receivables Chart

Watani Iron Steel Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

3.26

Watani Iron Steel Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial				-	-	-	-	-0.37

Watani Iron Steel 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 semi-annually data reported by the company within the most recent 12 months, which was ﷼-0.4 Mil.

Watani Iron Steel Co (SAU:9513) 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.

Watani Iron Steel 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
=	0.368	/	273.998	*	91
=	0.25

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

Watani Iron Steel 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)
=	9.845	-	121.64	+	0.75 * 0.368	+	0.5 * 54.462
=	-84.3

Watani Iron Steel Co Change In Receivables Related Terms

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Watani Iron Steel Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

New Al-Kharj Road, New Industrial City, Heet District, Riyadh, SAU

Website

http://www.wataniasteel.com

Watani Iron Steel Co is engaged in the manufacture of primary iron products in the form of blocks of substrates and waste after being melted, as well as the manufacture of sheet plates, strip coils, bar bars, wire corners, and clips of all shapes.

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