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Saudi Lime Industries Co (SAU:9566) Accounts Receivable : ﷼41.3 Mil (As of Dec. 2023)


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What is Saudi Lime Industries Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Saudi Lime Industries Co's accounts receivables for the quarter that ended in Dec. 2023 was ﷼41.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Saudi Lime Industries Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 96.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Saudi Lime Industries Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼1.88.


Saudi Lime Industries Co Accounts Receivable Historical Data

The historical data trend for Saudi Lime Industries Co'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.

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Saudi Lime Industries Co Accounts Receivable Chart

Saudi Lime Industries Co Annual Data
Trend Dec22 Dec23
Accounts Receivable
32.25 41.29

Saudi Lime Industries Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Accounts Receivable - 32.25 39.95 41.29

Saudi Lime Industries Co Accounts Receivable Calculation

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


Saudi Lime Industries Co 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.

Saudi Lime 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
=41.289/78.443*91
=96.06

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

Saudi Lime Industries Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(41.95+0.75 * 41.289+0.5 * 33.216-48.267
-0-0)/22
=1.88

* 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.


Saudi Lime Industries Co Accounts Receivable Related Terms

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Saudi Lime Industries Co (SAU:9566) Business Description

Traded in Other Exchanges
N/A
Address
Al-Kharj Road, P.O Box 355208, Second Industrial City, Riyadh, SAU, 11383
Saudi Lime Industries Co is engaged in the manufacturing of quick and hydrated lime, quicklime powder, the manufacturing of lime sand bricks of various sizes, and the manufacturing of calcium carbonate.

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