Ready Mix Concrete and Construction Supplies (AMM:RMCC) Change In Receivables : JOD-3.44 Mil (TTM As of Mar. 2024)

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What is Ready Mix Concrete and Construction Supplies Change In Receivables?

Ready Mix Concrete and Construction Supplies's change in receivables for the quarter that ended in Mar. 2024 was JOD-1.89 Mil. It means Ready Mix Concrete and Construction Supplies's Accounts Receivable increased by JOD1.89 Mil from Dec. 2023 to Mar. 2024 .

Ready Mix Concrete and Construction Supplies's change in receivables for the fiscal year that ended in Dec. 2023 was JOD0.00 Mil. It means Ready Mix Concrete and Construction Supplies's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Ready Mix Concrete and Construction Supplies's Accounts Receivable for the quarter that ended in Mar. 2024 was JOD6.60 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. Ready Mix Concrete and Construction Supplies's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ready Mix Concrete and Construction Supplies's liquidation value for the three months ended in Mar. 2024 was JOD-20.59 Mil.

Ready Mix Concrete and Construction Supplies Change In Receivables Historical Data

The historical data trend for Ready Mix Concrete and Construction Supplies'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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Ready Mix Concrete and Construction Supplies Change In Receivables Chart

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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2.13

3.63

2.45

Ready Mix Concrete and Construction Supplies 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															-0.51	-1.98	0.43	-	-1.89

Ready Mix Concrete and Construction Supplies 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 JOD-3.44 Mil.

Ready Mix Concrete and Construction Supplies (AMM:RMCC) 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.

Ready Mix Concrete and Construction Supplies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.597	/	11.732	*	91
=	51.31

2. In Ben Graham's calculation of liquidation value, Ready Mix Concrete and Construction Supplies's accounts receivable are only considered to be worth 75% of book value:

Ready Mix Concrete and Construction Supplies'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)
=	0.582	-	26.736	+	0.75 * 6.597	+	0.5 * 1.228
=	-20.59

Ready Mix Concrete and Construction Supplies Change In Receivables Related Terms

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Ready Mix Concrete and Construction Supplies (AMM:RMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ready Mix Concrete and Construction Supplies (AMM:RMCC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

P.O. Box 851602, Amman, JOR, 11185

Website

https://www.kingdomconcrete.jo

Ready Mix Concrete and Construction Supplies are engaged in supplying of ready-mix concrete to the construction industry. The company's project profile includes Hyatt, Sheraton, Holiday Inn, Queen Rania Al Abdullah Hospital for Children, Karak Bridge, Residential Buildings, and others.

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