Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Change In Receivables : KWD-0.12 Mil (TTM As of Mar. 2024)

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What is Wethaq Takaful Insurance Co KCSC Change In Receivables?

Wethaq Takaful Insurance Co KCSC's change in receivables for the quarter that ended in Mar. 2024 was KWD-0.02 Mil. It means Wethaq Takaful Insurance Co KCSC's Accounts Receivable increased by KWD0.02 Mil from Dec. 2023 to Mar. 2024 .

Wethaq Takaful Insurance Co KCSC's change in receivables for the fiscal year that ended in Dec. 2023 was KWD-0.09 Mil. It means Wethaq Takaful Insurance Co KCSC's Accounts Receivable increased by KWD0.09 Mil from Dec. 2022 to Dec. 2023 .

Wethaq Takaful Insurance Co KCSC's Accounts Receivable for the quarter that ended in Mar. 2024 was KWD0.15 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. Wethaq Takaful Insurance Co KCSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 225.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wethaq Takaful Insurance Co KCSC's liquidation value for the three months ended in Mar. 2024 was KWD0.84 Mil.

Wethaq Takaful Insurance Co KCSC Change In Receivables Historical Data

The historical data trend for Wethaq Takaful Insurance Co KCSC'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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Wethaq Takaful Insurance Co KCSC Change In Receivables Chart

Wethaq Takaful Insurance Co KCSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.31

-0.02

-0.29

-0.04

-0.09

Wethaq 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
Change In Receivables	Get a 7-Day Free Trial															0.02	-0.06	-	-0.04	-0.02

Wethaq Takaful Insurance Co KCSC 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-0.12 Mil.

Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) 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.

Wethaq 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
=	0.146	/	0.059	*	91
=	225.81

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

Wethaq Takaful Insurance Co KCSC'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)
=	0.871	-	0.14	+	0.75 * 0.146	+	0.5 * 0
=	0.84

Wethaq Takaful Insurance Co KCSC Change In Receivables Related Terms

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Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Business Description

Industry

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Traded in Other Exchanges

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Address

Khaled Bin Al Waleed Street, P.O. Box 371 City Tower, Sharq, 11 & 12 & Ground Floors, Safat, Kuwait City, KWT, 13004

Website

https://www.wethaq.com

Wethaq Takaful Insurance Co KCSC is engaged in the takaful, mutual, and retakaful insurance business. The company's core business activities are categorized into two key segments - Investment and Takaful Insurance. The majority of its revenue is derived from the Takaful Insurance segment. Its product portfolio comprises motors insurance, fire and property, construction and engineering, liabilities, health and life, financial, marine, and aviation insurance.

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