Sharjah Cement & Industrial Development Co (ADX:SCIDC) Change In Receivables : د.إ-44.8 Mil (TTM As of Mar. 2024)

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What is Sharjah Cement & Industrial Development Co Change In Receivables?

Sharjah Cement & Industrial Development Co's change in receivables for the quarter that ended in Mar. 2024 was د.إ-32.7 Mil. It means Sharjah Cement & Industrial Development Co's Accounts Receivable increased by د.إ32.7 Mil from Dec. 2023 to Mar. 2024 .

Sharjah Cement & Industrial Development Co's change in receivables for the fiscal year that ended in Dec. 2023 was د.إ-1.2 Mil. It means Sharjah Cement & Industrial Development Co's Accounts Receivable increased by د.إ1.2 Mil from Dec. 2022 to Dec. 2023 .

Sharjah Cement & Industrial Development Co's Accounts Receivable for the quarter that ended in Mar. 2024 was د.إ273.2 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. Sharjah Cement & Industrial Development Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 148.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sharjah Cement & Industrial Development Co's liquidation value for the three months ended in Mar. 2024 was د.إ-225.5 Mil.

Sharjah Cement & Industrial Development Co Change In Receivables Historical Data

The historical data trend for Sharjah Cement & Industrial Development 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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Sharjah Cement & Industrial Development Co Change In Receivables Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-23.48

85.59

-1.68

-54.87

-1.19

Sharjah Cement & Industrial Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															10.90	11.68	0.78	-24.55	-32.73

Sharjah Cement & Industrial Development 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-44.8 Mil.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) 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.

Sharjah Cement & Industrial Development Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	273.236	/	167.616	*	91
=	148.75

2. In Ben Graham's calculation of liquidation value, Sharjah Cement & Industrial Development Co's accounts receivable are only considered to be worth 75% of book value:

Sharjah Cement & Industrial Development Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	55.424	-	635.198	+	0.75 * 273.236	+	0.5 * 298.716
=	-225.5

Sharjah Cement & Industrial Development Co Change In Receivables Related Terms

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Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.

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