AlSaif Stores for Development and Investment Co (SAU:4192) Receivables Turnover : 24.89 (As of Mar. 2024)

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What is AlSaif Stores for Development and Investment 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. AlSaif Stores for Development and Investment Co's Revenue for the three months ended in Mar. 2024 was ﷼270.0 Mil. AlSaif Stores for Development and Investment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼10.8 Mil. Hence, AlSaif Stores for Development and Investment Co's Receivables Turnover for the three months ended in Mar. 2024 was 24.89.

AlSaif Stores for Development and Investment Co Receivables Turnover Historical Data

The historical data trend for AlSaif Stores for Development and Investment 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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AlSaif Stores for Development and Investment Co Receivables Turnover Chart

AlSaif Stores for Development and Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

155.45

131.56

78.74

AlSaif Stores for Development and Investment Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					30.58	15.97	13.97	15.46	24.89

Competitive Comparison of AlSaif Stores for Development and Investment Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, AlSaif Stores for Development and Investment 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.

AlSaif Stores for Development and Investment Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, AlSaif Stores for Development and Investment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AlSaif Stores for Development and Investment Co's Receivables Turnover falls into.

AlSaif Stores for Development and Investment Co Receivables Turnover Calculation

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

AlSaif Stores for Development and Investment 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 )
=	719.78	/ (	(5.927	+	12.356)	/	2 )
=	719.78	/	9.1415
=	78.74

AlSaif Stores for Development and Investment 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 )
=	270.012	/ (	(12.356	+	9.338)	/	2 )
=	270.012	/	10.847
=	24.89

AlSaif Stores for Development and Investment Co (SAU:4192) 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.

AlSaif Stores for Development and Investment Co Receivables Turnover Related Terms

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AlSaif Stores for Development and Investment Co (SAU:4192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » AlSaif Stores for Development and Investment Co (SAU:4192) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saud bin Abdulaziz bin Mohammed Street, Riyadh Altaawon Distrct Emam, P.O. Box 10448, Riyadh, SAU, 11626

Website

https://www.alsaifgallery.com

AlSaif Stores for Development and Investment Co operates in the home utensils and appliances retail sector in Saudi Arabia. The company fulfills customer needs such as by providing small home appliances, kitchenware, serveware, and other home accessories.

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