Horizon Foods Co (SAU:9564) Change In Receivables : ﷼-0.77 Mil (TTM As of Jun. 2024)

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What is Horizon Foods Co Change In Receivables?

Horizon Foods Co's change in receivables for the quarter that ended in Jun. 2024 was ﷼-0.27 Mil. It means Horizon Foods Co's Accounts Receivable increased by ﷼0.27 Mil from Dec. 2023 to Jun. 2024 .

Horizon Foods Co's change in receivables for the fiscal year that ended in Dec. 2023 was ﷼-1.08 Mil. It means Horizon Foods Co's Accounts Receivable increased by ﷼1.08 Mil from Dec. 2022 to Dec. 2023 .

Horizon Foods Co's Accounts Receivable for the quarter that ended in Jun. 2024 was ﷼4.76 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. Horizon Foods Co's Days Sales Outstanding for the six months ended in Jun. 2024 was 28.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Horizon Foods Co's liquidation value for the six months ended in Jun. 2024 was ﷼3.27 Mil.

Horizon Foods Co Change In Receivables Historical Data

The historical data trend for Horizon Foods 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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Horizon Foods Co Change In Receivables Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

Change In Receivables

-0.18

-1.08

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	-	-	-0.58	-0.51	-0.27

Horizon Foods 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 ﷼-0.77 Mil.

Horizon Foods Co (SAU:9564) 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.

Horizon Foods 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
=	4.757	/	30.125	*	91
=	28.82

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

Horizon Foods 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)
=	0.427	-	11.087	+	0.75 * 4.757	+	0.5 * 20.734
=	3.27

Horizon Foods Co Change In Receivables Related Terms

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Horizon Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, Dammam, SAU

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

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