Independent Petroleum Group KSCP (KUW:IPG) Change In Receivables : KWD-144 Mil (TTM As of Mar. 2024)

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What is Independent Petroleum Group KSCP Change In Receivables?

Independent Petroleum Group KSCP's change in receivables for the quarter that ended in Mar. 2024 was KWD-53 Mil. It means Independent Petroleum Group KSCP's Accounts Receivable increased by KWD53 Mil from Dec. 2023 to Mar. 2024 .

Independent Petroleum Group KSCP's change in receivables for the fiscal year that ended in Dec. 2023 was KWD-112 Mil. It means Independent Petroleum Group KSCP's Accounts Receivable increased by KWD112 Mil from Dec. 2022 to Dec. 2023 .

Independent Petroleum Group KSCP's Accounts Receivable for the quarter that ended in Mar. 2024 was KWD238 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. Independent Petroleum Group KSCP's Days Sales Outstanding for the three months ended in Mar. 2024 was 62.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Independent Petroleum Group KSCP's liquidation value for the three months ended in Mar. 2024 was KWD-108 Mil.

Independent Petroleum Group KSCP Change In Receivables Historical Data

The historical data trend for Independent Petroleum Group KSCP'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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Independent Petroleum Group KSCP Change In Receivables Chart

Independent Petroleum Group KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-23.54

-11.92

-44.51

36.86

-112.49

Independent Petroleum Group KSCP 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															-21.55	22.08	-39.60	-73.42	-52.65

Independent Petroleum Group KSCP 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 KWD-144 Mil.

Independent Petroleum Group KSCP (KUW:IPG) 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.

Independent Petroleum Group KSCP's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	238.402	/	347.723	*	91
=	62.56

2. In Ben Graham's calculation of liquidation value, Independent Petroleum Group KSCP's accounts receivable are only considered to be worth 75% of book value:

Independent Petroleum Group KSCP'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)
=	174.067	-	479.463	+	0.75 * 238.402	+	0.5 * 38.179
=	-108

Independent Petroleum Group KSCP Change In Receivables Related Terms

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Independent Petroleum Group KSCP (KUW:IPG) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101

Website

https://ipg.com.kw

Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.