Vegetable Oil Industries Co (XPAE:VOIC) Change In Receivables : JOD0.42 Mil (TTM As of Dec. 2023)

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What is Vegetable Oil Industries Co Change In Receivables?

Vegetable Oil Industries Co's change in receivables for the quarter that ended in Dec. 2023 was JOD0.44 Mil. It means Vegetable Oil Industries Co's Accounts Receivable declined by JOD0.44 Mil from Sep. 2023 to Dec. 2023 .

Vegetable Oil Industries Co's change in receivables for the fiscal year that ended in Dec. 2023 was JOD0.42 Mil. It means Vegetable Oil Industries Co's Accounts Receivable declined by JOD0.42 Mil from Dec. 2022 to Dec. 2023 .

Vegetable Oil Industries Co's Accounts Receivable for the quarter that ended in Dec. 2023 was JOD1.31 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. Vegetable Oil Industries Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 108.23.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vegetable Oil Industries Co's liquidation value for the three months ended in Dec. 2023 was JOD-12.89 Mil.

Vegetable Oil Industries Co Change In Receivables Historical Data

The historical data trend for Vegetable Oil Industries 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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Vegetable Oil Industries Co Change In Receivables Chart

Vegetable Oil Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.53

-0.01

-0.45

0.73

0.42

Vegetable Oil Industries Co 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															-0.24	-0.92	0.36	0.55	0.44

Vegetable Oil Industries 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was JOD0.42 Mil.

Vegetable Oil Industries Co (XPAE:VOIC) 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.

Vegetable Oil Industries Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.313	/	1.107	*	91
=	108.23

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

Vegetable Oil Industries Co'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)
=	0.503	-	14.972	+	0.75 * 1.313	+	0.5 * 1.193
=	-12.89

Vegetable Oil Industries Co Change In Receivables Related Terms

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Vegetable Oil Industries Co (XPAE:VOIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vegetable Oil Industries Co Ltd (XPAE:VOIC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Zoyoot Street, Eastern Industrial Zone, P.O. Box 95, Nablus, PSE

Website

https://www.voic.ps

Vegetable Oil Industries Co Ltd is engaged in the production of oil and ghee. The company produces two categories of products from Palm, Coconut, Corn, Soybean and Sunflower Oils namely: Vegetable Ghee and Shortening and Liquid Vegetable Oils. Its products include Al Ghazalein Oil, Al Aseel, Al Mumtaz, Al Kawakeb Ghee, Nabateen Ghee, Gazal Ghee, and Reem Oil.

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