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Alamar Foods Co (SAU:6014) Receivables Turnover : 8.04 (As of Mar. 2024)


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What is Alamar Foods 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. Alamar Foods Co's Revenue for the three months ended in Mar. 2024 was ﷼206.9 Mil. Alamar Foods Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼25.7 Mil. Hence, Alamar Foods Co's Receivables Turnover for the three months ended in Mar. 2024 was 8.04.


Alamar Foods Co Receivables Turnover Historical Data

The historical data trend for Alamar Foods 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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Alamar Foods Co Receivables Turnover Chart

Alamar Foods Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
59.18 69.31 57.83 39.06

Alamar Foods Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.40 10.08 8.80 7.98 8.04

Competitive Comparison of Alamar Foods Co's Receivables Turnover

For the Restaurants subindustry, Alamar Foods 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.


Alamar Foods Co's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Alamar Foods Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alamar Foods Co's Receivables Turnover falls into.



Alamar Foods Co Receivables Turnover Calculation

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

Alamar Foods 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 )
=991.655 / ((23.905 + 26.872) / 2 )
=991.655 / 25.3885
=39.06

Alamar Foods 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 )
=206.853 / ((26.872 + 24.581) / 2 )
=206.853 / 25.7265
=8.04

* 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.


Alamar Foods Co  (SAU:6014) 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.


Alamar Foods Co Receivables Turnover Related Terms

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Alamar Foods Co (SAU:6014) Business Description

Traded in Other Exchanges
N/A
Address
3507 Prince Sultan Bin Abdulaziz Road, Unit 1, Al Olaya, Riyadh, SAU
Alamar Foods Co is a Quick Service Restaurant (QSR) operator in the Middle East, North Africa, and Pakistan (MENAP Region). The company is into Establishing, operating and managing of fast food restaurants.

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