SALudi Logistics Services Co (SAU:4263) Accounts Receivable : ﷼459.0 Mil (As of Mar. 2024)

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What is SALudi Logistics Services Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SALudi Logistics Services Co's accounts receivables for the quarter that ended in Mar. 2024 was ﷼459.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SALudi Logistics Services Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 92.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SALudi Logistics Services Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ﷼-6.45.

SALudi Logistics Services Co Accounts Receivable Historical Data

The historical data trend for SALudi Logistics Services Co'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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SALudi Logistics Services Co Accounts Receivable Chart

SALudi Logistics Services Co Annual Data

Trend

Dec22

Dec23

Accounts Receivable

233.41

390.53

SALudi Logistics Services Co Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Accounts Receivable	233.41	-	390.53	458.99

SALudi Logistics Services Co Accounts Receivable Calculation

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

SALudi Logistics Services Co 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.

SALudi Logistics Services 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
=	458.99	/	452.526	*	91
=	92.55

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

SALudi Logistics Services Co'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)
=	(1172.385	+	0.75 * 458.99	+	0.5 * 0	-	2032.581
-	0	-	0)	/	80
=	-6.45

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.

SALudi Logistics Services Co Accounts Receivable Related Terms

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SALudi Logistics Services Co (SAU:4263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAL Saudi Logistics Services Co (SAU:4263) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Road, P.O. Box 23525, Zahran Building, Salamah, Jeddah, SAU, 2661

Website

https://www.sal.sa

SAL Saudi Logistics Services Co is a company engaged in providing supply chain solutions in Saudi Arabia. It creates integrated solutions to deliver end-to-end services for businesses across the economy wide supply chain. The company has three streams; Air cargo handling, Terminal handling and logistics solutions. The maximum revenue of the company comes from Terminal Handling.

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