AME Company for Medical Supplies (SAU:9527) Receivables Turnover : 1.16 (As of Dec. 2023)

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What is AME Company for Medical Supplies 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. AME Company for Medical Supplies's Revenue for the six months ended in Dec. 2023 was ﷼103.0 Mil. AME Company for Medical Supplies's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼88.5 Mil. Hence, AME Company for Medical Supplies's Receivables Turnover for the six months ended in Dec. 2023 was 1.16.

AME Company for Medical Supplies Receivables Turnover Historical Data

The historical data trend for AME Company for Medical Supplies'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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AME Company for Medical Supplies Receivables Turnover Chart

AME Company for Medical Supplies Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.19

2.64

2.73

AME Company for Medical Supplies Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			1.18	1.40	1.04	1.44	1.16

Competitive Comparison of AME Company for Medical Supplies's Receivables Turnover

For the Medical Distribution subindustry, AME Company for Medical Supplies'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.

AME Company for Medical Supplies's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, AME Company for Medical Supplies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AME Company for Medical Supplies's Receivables Turnover falls into.

AME Company for Medical Supplies Receivables Turnover Calculation

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

AME Company for Medical Supplies'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 )
=	223.318	/ (	(77.213	+	86.544)	/	2 )
=	223.318	/	81.8785
=	2.73

AME Company for Medical Supplies'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 )
=	102.981	/ (	(90.466	+	86.544)	/	2 )
=	102.981	/	88.505
=	1.16

AME Company for Medical Supplies (SAU:9527) 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.

AME Company for Medical Supplies Receivables Turnover Related Terms

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AME Company for Medical Supplies (SAU:9527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » AME Company for Medical Supplies (SAU:9527) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, P.O. Box 11544, Jeddah, SAU, 21463

Website

https://www.ame.med.sa

AME Company for Medical Supplies is engaged in providing medical devices and equipment. It generates maximum revenue from the medical supplies segment. The Company is engaged in wholesale and retail trade which mainly includes perfumes, cosmetics, orthotic devices, medical supplies, decorative soap, incense, veterinary medicine and medical equipment.

AME Company for Medical Supplies (SAU:9527) Headlines

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