MOBI Industry Co (SAU:9517) Receivables Turnover : 3.17 (As of Dec. 2023)

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What is MOBI Industry 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. MOBI Industry Co's Revenue for the six months ended in Dec. 2023 was ﷼98.1 Mil. MOBI Industry Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼30.9 Mil. Hence, MOBI Industry Co's Receivables Turnover for the six months ended in Dec. 2023 was 3.17.

MOBI Industry Co Receivables Turnover Historical Data

The historical data trend for MOBI Industry 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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MOBI Industry Co Receivables Turnover Chart

MOBI Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.72

6.45

6.20

7.51

MOBI Industry Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				2.84	3.32	2.88	2.98	3.17

Competitive Comparison of MOBI Industry Co's Receivables Turnover

For the Chemicals subindustry, MOBI Industry 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.

MOBI Industry Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where MOBI Industry Co's Receivables Turnover falls into.

MOBI Industry Co Receivables Turnover Calculation

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

MOBI Industry 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 )
=	198.843	/ (	(29.431	+	23.514)	/	2 )
=	198.843	/	26.4725
=	7.51

MOBI Industry Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	98.097	/ (	(38.285	+	23.514)	/	2 )
=	98.097	/	30.8995
=	3.17

MOBI Industry Co (SAU:9517) 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.

MOBI Industry Co Receivables Turnover Related Terms

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MOBI Industry Co (SAU:9517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MOBI Industry Co (SAU:9517) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Second Industrial City Street, Riyadh, SAU

Website

https://www.nafkal.com

MOBI Industry Co is a Saudi Arabia based company. The company is engaged in the manufacture of soap in all forms, including (paste, liquid and dry), manufacture of industrial detergents, manufacture of fertilizers and nitrogenous compounds, manufacture of plastics in their primary forms, manufacture of washing and cleaning material and preparations.

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