Sahara International Petrochemical Co (SAU:2310) Change In Receivables : ﷼90 Mil (TTM As of Mar. 2024)

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What is Sahara International Petrochemical Co Change In Receivables?

Sahara International Petrochemical Co's change in receivables for the quarter that ended in Mar. 2024 was ﷼24 Mil. It means Sahara International Petrochemical Co's Accounts Receivable declined by ﷼24 Mil from Dec. 2023 to Mar. 2024 .

Sahara International Petrochemical Co's change in receivables for the fiscal year that ended in Dec. 2023 was ﷼57 Mil. It means Sahara International Petrochemical Co's Accounts Receivable declined by ﷼57 Mil from Dec. 2022 to Dec. 2023 .

Sahara International Petrochemical Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ﷼1,091 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. Sahara International Petrochemical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.73.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sahara International Petrochemical Co's liquidation value for the three months ended in Mar. 2024 was ﷼-1,984 Mil.

Sahara International Petrochemical Co Change In Receivables Historical Data

The historical data trend for Sahara International Petrochemical 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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Sahara International Petrochemical Co Change In Receivables Chart

Sahara International Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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121.80

-218.56

-806.26

690.04

57.35

Sahara International Petrochemical 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															-8.25	156.93	-176.03	84.70	23.92

Sahara International Petrochemical 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 ﷼90 Mil.

Sahara International Petrochemical Co (SAU:2310) 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.

Sahara International Petrochemical 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
=	1091.108	/	1924.631	*	91
=	51.73

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

Sahara International Petrochemical 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)
=	1907.229	-	5301.729	+	0.75 * 1091.108	+	0.5 * 1184.508
=	-1,984

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Sahara International Petrochemical Co (SAU:2310) Business Description

Industry

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Address

King Saud Road District, Sipchem Building, Al-Hada District, Al Khobar, SAU, 31952

Website

https://www.sipchem.com

Sahara International Petrochemical Co owns, operates and manages industrial projects relating to chemical and petrochemical industries. The company operating segments include Basic Chemicals, Intermediate Chemicals, Polymers, Trading and Corporate and others. It generates maximum revenue from the Trading segment. The company operates domestically and internationally. Its product portfolio consists of Methanol, Butanediol, Tetrahydrofuran, Acetic Acid, Acetic Anhydride, LDPE, EVA, Cross-Linkable LDPE, Semi Conductive LDPE, and PBT.

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