United Projects Co for Aviation Services KSCC (KUW:UPAC) Accounts Receivable : KWD2.18 Mil (As of Mar. 2024)

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What is United Projects Co for Aviation Services KSCC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. United Projects Co for Aviation Services KSCC's accounts receivables for the quarter that ended in Mar. 2024 was KWD2.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. United Projects Co for Aviation Services KSCC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 89.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. United Projects Co for Aviation Services KSCC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was KWD-0.31.

United Projects Co for Aviation Services KSCC Accounts Receivable Historical Data

The historical data trend for United Projects Co for Aviation Services KSCC's Accounts Receivable 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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United Projects Co for Aviation Services KSCC Accounts Receivable Chart

United Projects Co for Aviation Services KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.74

5.07

2.39

2.66

1.65

United Projects Co for Aviation Services KSCC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2.50	2.76	2.10	1.65	2.18

United Projects Co for Aviation Services KSCC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

United Projects Co for Aviation Services KSCC Accounts Receivable 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 receivables are being managed.

United Projects Co for Aviation Services KSCC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.183	/	2.237	*	91
=	89.05

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), United Projects Co for Aviation Services KSCC's accounts receivable are only considered to be worth 75% of book value:

United Projects Co for Aviation Services KSCC's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.5	+	0.75 * 2.183	+	0.5 * 0	-	126.777
-	0	-	1.103)	/	377.676
=	-0.31

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

United Projects Co for Aviation Services KSCC Accounts Receivable Related Terms

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United Projects Co for Aviation Services KSCC (KUW:UPAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Projects Co for Aviation Services KSCC (KUW:UPAC) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Kuwait International Airport, Mezzanine Parking, P. O. Box 27068, Safat, Kuwait, KWT, 13131

Website

https://www.upac.com.kw

United Projects Co for Aviation Services KSCC is a Kuwait-based company. Its services include project management and consultancy, real estate development, and property and facilities management. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. The company operates in two business segments. Investments consist of investing in Reem Mall and surplus funds in investment portfolios. Service operations consist of managing projects and providing airplane ground and cleaning services among other services. The service operations segment generates maximum revenue for the company. Their projects portfolio includes Airport Mall and Facilities, Sheikh Saad Terminal, Discovery Center, and Reem Mall.

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