Sahara International Petrochemical Co (SAU:2310) Receivables Turnover : 1.74 (As of Mar. 2024)

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What is Sahara International Petrochemical 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. Sahara International Petrochemical Co's Revenue for the three months ended in Mar. 2024 was ﷼1,925 Mil. Sahara International Petrochemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼1,103 Mil. Hence, Sahara International Petrochemical Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.74.

Sahara International Petrochemical Co Receivables Turnover Historical Data

The historical data trend for Sahara International Petrochemical 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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Sahara International Petrochemical Co Receivables Turnover Chart

Sahara International Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.24

5.59

6.63

6.76

6.66

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
Receivables Turnover	Get a 7-Day Free Trial															1.77	1.54	1.61	1.76	1.74

Competitive Comparison of Sahara International Petrochemical Co's Receivables Turnover

For the Chemicals subindustry, Sahara International Petrochemical 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.

Sahara International Petrochemical Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sahara International Petrochemical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sahara International Petrochemical Co's Receivables Turnover falls into.

Sahara International Petrochemical Co Receivables Turnover Calculation

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

Sahara International Petrochemical 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 )
=	7617.941	/ (	(1172.378	+	1115.027)	/	2 )
=	7617.941	/	1143.7025
=	6.66

Sahara International Petrochemical 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 )
=	1924.631	/ (	(1115.027	+	1091.108)	/	2 )
=	1924.631	/	1103.0675
=	1.74

Sahara International Petrochemical Co (SAU:2310) 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.

Sahara International Petrochemical Co Receivables Turnover Related Terms

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Sahara International Petrochemical Co (SAU:2310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sahara International Petrochemical Co (SAU:2310) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

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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