Methaq Takaful Insurance Co PSC (ADX:METHAQ) Change In Receivables : د.إ6.2 Mil (TTM As of Dec. 2020)

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What is Methaq Takaful Insurance Co PSC Change In Receivables?

Methaq Takaful Insurance Co PSC's change in receivables for the quarter that ended in Dec. 2020 was د.إ11.8 Mil. It means Methaq Takaful Insurance Co PSC's Accounts Receivable declined by د.إ11.8 Mil from Sep. 2020 to Dec. 2020 .

Methaq Takaful Insurance Co PSC's change in receivables for the fiscal year that ended in Dec. 2020 was د.إ6.2 Mil. It means Methaq Takaful Insurance Co PSC's Accounts Receivable declined by د.إ6.2 Mil from Dec. 2019 to Dec. 2020 .

Methaq Takaful Insurance Co PSC's Accounts Receivable for the quarter that ended in Dec. 2020 was د.إ264.1 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. Methaq Takaful Insurance Co PSC's Days Sales Outstanding for the three months ended in Dec. 2020 was 460.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Methaq Takaful Insurance Co PSC's liquidation value for the three months ended in Dec. 2020 was د.إ-392.4 Mil.

Methaq Takaful Insurance Co PSC Change In Receivables Historical Data

The historical data trend for Methaq Takaful Insurance Co PSC'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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Methaq Takaful Insurance Co PSC Change In Receivables Chart

Methaq Takaful Insurance Co PSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Receivables

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-30.63

-74.65

5.22

-60.94

6.21

Methaq Takaful Insurance Co PSC Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Change In Receivables	Get a 7-Day Free Trial															-26.46	-14.03	10.52	-2.06	11.78

Methaq Takaful Insurance Co PSC 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ6.2 Mil.

Methaq Takaful Insurance Co PSC (ADX:METHAQ) 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.

Methaq Takaful Insurance Co PSC's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	264.128	/	52.296	*	91
=	460.87

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

Methaq Takaful Insurance Co PSC's liquidation value for the quarter that ended in Dec. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	28.341	-	618.809	+	0.75 * 264.128	+	0.5 * 0
=	-392.4

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Methaq Takaful Insurance Co PSC (ADX:METHAQ) Business Description

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Traded in Other Exchanges

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Address

Delma 13th Street, Behind Judicial Court, P.O. Box 32774, Building Number: C54, Opposite Al Fara'a Co Tower, Abu Dhabi, ARE

Website

http://www.methaq.ae

Methaq Takaful Insurance Co PSC offers a range of insurance and reinsurance products and services to individuals and corporates. The objective of the company is to offer Individuals and Corporations a complete range of high quality, flexible, integrated, Shariah-compliant insurance products & services, in association with selected Distribution Partners. Its product line includes accident, travel, marine and air transport insurance and reinsurance products, among others.

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