Al Eid Food Co (KUW:ALEID) Change In Receivables : KWD-2.21 Mil (TTM As of Mar. 2024)

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What is Al Eid Food Co Change In Receivables?

Al Eid Food Co's change in receivables for the quarter that ended in Mar. 2024 was KWD-0.90 Mil. It means Al Eid Food Co's Accounts Receivable increased by KWD0.90 Mil from Dec. 2023 to Mar. 2024 .

Al Eid Food Co's change in receivables for the fiscal year that ended in Dec. 2023 was KWD-1.41 Mil. It means Al Eid Food Co's Accounts Receivable increased by KWD1.41 Mil from Dec. 2022 to Dec. 2023 .

Al Eid Food Co's Accounts Receivable for the quarter that ended in Mar. 2024 was KWD22.95 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. Al Eid Food Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 125.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Al Eid Food Co's liquidation value for the three months ended in Mar. 2024 was KWD14.31 Mil.

Al Eid Food Co Change In Receivables Historical Data

The historical data trend for Al Eid Food Co'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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Al Eid Food Co Change In Receivables Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.95

-0.96

-0.14

-1.32

-1.41

Al Eid Food Co 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															-0.11	-0.17	0.09	-1.22	-0.90

Al Eid Food Co 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-2.21 Mil.

Al Eid Food Co (KUW:ALEID) 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.

Al Eid Food 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
=	22.952	/	16.7	*	91
=	125.41

2. In Ben Graham's calculation of liquidation value, Al Eid Food Co's accounts receivable are only considered to be worth 75% of book value:

Al Eid Food Co'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)
=	0.679	-	17.405	+	0.75 * 22.952	+	0.5 * 27.652
=	14.31

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Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

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