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Arabian International Healthcare Holding Co (SAU:9530) Receivables Turnover : 0.73 (As of Dec. 2023)


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What is Arabian International Healthcare Holding 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. Arabian International Healthcare Holding Co's Revenue for the six months ended in Dec. 2023 was ﷼491.0 Mil. Arabian International Healthcare Holding Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼675.5 Mil. Hence, Arabian International Healthcare Holding Co's Receivables Turnover for the six months ended in Dec. 2023 was 0.73.

Arabian International Healthcare Holding Co Receivables Turnover Historical Data

The historical data trend for Arabian International Healthcare Holding 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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Arabian International Healthcare Holding Co Receivables Turnover Chart

Arabian International Healthcare Holding Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
0.78 0.91 0.80 1.01 1.16

Arabian International Healthcare Holding Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial 0.59 0.33 0.65 0.51 0.73

Competitive Comparison of Arabian International Healthcare Holding Co's Receivables Turnover

For the Medical Care Facilities subindustry, Arabian International Healthcare Holding 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.

Arabian International Healthcare Holding Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Arabian International Healthcare Holding Co's Receivables Turnover falls into.


Arabian International Healthcare Holding Co Receivables Turnover Calculation

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

Arabian International Healthcare Holding 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 )
=806.924 / ((642.15 + 744.003) / 2 )
=806.924 / 693.0765
=1.16

Arabian International Healthcare Holding 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 )
=490.962 / ((607.078 + 744.003) / 2 )
=490.962 / 675.5405
=0.73

* 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.

Arabian International Healthcare Holding Co  (SAU:9530) 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.

Arabian International Healthcare Holding Co Receivables Turnover Related Terms

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Arabian International Healthcare Holding Co (SAU:9530) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Arabian International Healthcare Holding Co (SAU:9530) » Definitions » Receivables Turnover
Comparable Companies
SAU:9546 SAU:9518 SAU:2140 HCA SAU:4013 SZSE:300015 HKSE:06618 XTER:FRE BKK:BDMS XKLS:5225 BSP:RDOR3 XTER:FME UHS CHE NSE:APOLLOHOSP ASX:RHC DVA AGL ACHC BOM:543220
Traded in Other Exchanges
N/A
Address
Al Marhoma Street, Business Gate, Qortubah, Riyadh, SAU
Website
https://www.tibbiyah.com
Arabian International Healthcare Holding Co provides integrated medical solutions to healthcare providers in the health sector in Saudi Arabia through its subsidiaries. Its projects include Cardiology, Intensive care, Operating rooms, Oncology, Hospital Infrastructure, and Others.

Arabian International Healthcare Holding Co (SAU:9530) Headlines

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