Zahrat Al Waha for Trading Co (SAU:3007) Receivables Turnover : 0.72 (As of Mar. 2024)

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What is Zahrat Al Waha for Trading 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. Zahrat Al Waha for Trading Co's Revenue for the three months ended in Mar. 2024 was ﷼137.1 Mil. Zahrat Al Waha for Trading Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼189.2 Mil. Hence, Zahrat Al Waha for Trading Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.72.

Zahrat Al Waha for Trading Co Receivables Turnover Historical Data

The historical data trend for Zahrat Al Waha for Trading 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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Zahrat Al Waha for Trading Co Receivables Turnover Chart

Zahrat Al Waha for Trading Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.26

2.60

3.12

3.28

3.09

Zahrat Al Waha for Trading 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															0.74	0.69	0.80	0.61	0.72

Competitive Comparison of Zahrat Al Waha for Trading Co's Receivables Turnover

For the Packaging & Containers subindustry, Zahrat Al Waha for Trading 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.

Zahrat Al Waha for Trading Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zahrat Al Waha for Trading Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zahrat Al Waha for Trading Co's Receivables Turnover falls into.

Zahrat Al Waha for Trading Co Receivables Turnover Calculation

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

Zahrat Al Waha for Trading 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 )
=	572.49	/ (	(195.72	+	175.029)	/	2 )
=	572.49	/	185.3745
=	3.09

Zahrat Al Waha for Trading 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 )
=	137.091	/ (	(175.029	+	203.445)	/	2 )
=	137.091	/	189.237
=	0.72

Zahrat Al Waha for Trading Co (SAU:3007) 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.

Zahrat Al Waha for Trading Co Receivables Turnover Related Terms

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Zahrat Al Waha for Trading Co (SAU:3007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zahrat Al Waha for Trading Co (SAU:3007) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rabwa, Al Ihsa Street, P.O. Box 2980, Unit no 1, Building 7449, Riyadh, SAU, 12814

Website

http://www.zaoasis.com

Zahrat Al Waha for Trading Co is a producer of PET preform and HDPE closure (caps) products. The principal activities of the company include the manufacture of semi-finished products from plastics, the manufacture of cans and boxes from plastics, the manufacture of bottles of various forms from plastics, the manufacture of products from plastics using the Roto mold method. The company operates in two segments namely the plastic bottles preforms which includes manufacturing and selling of plastic preforms and the plastic caps which includes manufacturing and selling of plastic caps.

Zahrat Al Waha for Trading Co (SAU:3007) Headlines

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