Saudi Industrial Services Co (SAU:2190) Receivables Turnover : 1.44 (As of Mar. 2024)

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What is Saudi Industrial Services Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Saudi Industrial Services Co's Revenue for the three months ended in Mar. 2024 was ﷼267 Mil. Saudi Industrial Services Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼185 Mil. Hence, Saudi Industrial Services Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.

Saudi Industrial Services Co Receivables Turnover Historical Data

The historical data trend for Saudi Industrial Services Co's Receivables Turnover 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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Saudi Industrial Services Co Receivables Turnover Chart

Saudi Industrial Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.63

11.89

9.91

10.75

15.06

Saudi Industrial Services Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.01	1.62	1.48	2.77	1.44

Competitive Comparison of Saudi Industrial Services Co's Receivables Turnover

For the Marine Shipping subindustry, Saudi Industrial Services Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Saudi Industrial Services Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Saudi Industrial Services Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Saudi Industrial Services Co's Receivables Turnover falls into.

Saudi Industrial Services Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Saudi Industrial Services Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1603.429	/ (	(88.747	+	124.157)	/	2 )
=	1603.429	/	106.452
=	15.06

Saudi Industrial Services Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	266.912	/ (	(124.157	+	245.411)	/	2 )
=	266.912	/	184.784
=	1.44

Saudi Industrial Services Co (SAU:2190) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Saudi Industrial Services Co Receivables Turnover Related Terms

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Saudi Industrial Services Co (SAU:2190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Saudi Industrial Services Co (SAU:2190) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Al-Madina Road, P.O. Box 14221, Suite 501, Saudi Business Centre, Jeddah, SAU, 21424

Website

http://www.sisco.com.sa

Saudi Industrial Services Co, through its subsidiaries, is engaged in the maintenance, operations, and management of factories, industrial facilities, construction of residential buildings and all related facilities such as entertainment centers, malls, restaurants, catering projects, construction of hospitals and buildings to provide health services to the factory and industrial company workmen, marketing factory products locally and worldwide, provide services and participate in the formation of companies. The reportable segments of the company are Port development and operations, Logistics parks and support services, and Water desalination and distribution. The company derives a majority of the revenue from the Port development and operations segment.

Saudi Industrial Services Co (SAU:2190) Headlines

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