GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Takaful Insurance Co KCSC (KUW:FTI) » Definitions » Accounts Receivable

First Takaful Insurance Co KCSC (KUW:FTI) Accounts Receivable : KWD0.00 Mil (As of Mar. 2024)


View and export this data going back to 2004. Start your Free Trial

What is First Takaful Insurance Co KCSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Takaful Insurance Co KCSC's accounts receivables for the quarter that ended in Mar. 2024 was KWD0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Takaful Insurance Co KCSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Takaful Insurance Co KCSC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was KWD-0.00.


First Takaful Insurance Co KCSC Accounts Receivable Historical Data

The historical data trend for First Takaful Insurance Co KCSC's Accounts Receivable 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.

First Takaful Insurance Co KCSC Accounts Receivable Chart

First Takaful Insurance Co KCSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

First Takaful Insurance Co KCSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

First Takaful Insurance Co KCSC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


First Takaful Insurance Co KCSC Accounts Receivable 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 receivables are being managed.

First Takaful Insurance Co KCSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.005*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), First Takaful Insurance Co KCSC's accounts receivable are only considered to be worth 75% of book value:

First Takaful Insurance Co KCSC's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.751+0.75 * 0+0.5 * 0-3.808
-0-0)/106.600
=-0.00

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


First Takaful Insurance Co KCSC Accounts Receivable Related Terms

Thank you for viewing the detailed overview of First Takaful Insurance Co KCSC's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


First Takaful Insurance Co KCSC (KUW:FTI) Business Description

Traded in Other Exchanges
N/A
Address
Al Qibla - Abdullah Al-Mubarak Street, 1st Floor, Office No. 6, P.O. Box 5713, Souq Al-Safat Building, Kuwait, KWT, 13058
First Takaful Insurance Co KCSC is engaged in carrying out all types of insurance takaful activities and related activities, including insurance and reinsurance, and investing the funds available to the company in various activities. The company's product line consists of life and medical, fire and general accidents, motor, and marine, and aviation. Geographically the company provides its services only to the Kuwait market.