Middle East Healthcare Co (SAU:4009) Receivables Turnover : 0.31 (As of Mar. 2024)

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What is Middle East Healthcare 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. Middle East Healthcare Co's Revenue for the three months ended in Mar. 2024 was ﷼689 Mil. Middle East Healthcare Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼2,208 Mil. Hence, Middle East Healthcare Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.31.

Middle East Healthcare Co Receivables Turnover Historical Data

The historical data trend for Middle East Healthcare 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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Middle East Healthcare Co Receivables Turnover Chart

Middle East Healthcare Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.72

1.75

1.49

1.48

1.35

Middle East Healthcare 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															0.37	0.34	0.34	0.33	0.31

Competitive Comparison of Middle East Healthcare Co's Receivables Turnover

For the Medical Care Facilities subindustry, Middle East Healthcare 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.

Middle East Healthcare Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Middle East Healthcare Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Middle East Healthcare Co's Receivables Turnover falls into.

Middle East Healthcare Co Receivables Turnover Calculation

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

Middle East Healthcare 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 )
=	2653.17	/ (	(1634.782	+	2300.555)	/	2 )
=	2653.17	/	1967.6685
=	1.35

Middle East Healthcare 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 )
=	689.21	/ (	(2300.555	+	2116.423)	/	2 )
=	689.21	/	2208.489
=	0.31

Middle East Healthcare Co (SAU:4009) 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.

Middle East Healthcare Co Receivables Turnover Related Terms

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Middle East Healthcare Co (SAU:4009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Middle East Healthcare Co (SAU:4009) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

4, Batterjee Road, P.O.Box 2550, Al-Zahra District, Jeddah, SAU, 21461

Website

https://www.saudigermanhealth.com

Middle East Healthcare Co is a Saudi Arabia-based company engaged in the business of managing, operating and maintaining hospitals, medical centers, educational centers, rehabilitation centers, physiotherapy, laboratories and radiology centers, pharmacies, construction and to buy land for the purpose of constructing medical projects and to establish, manage and organize exhibitions for the company.

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