Theeb Car Rental Co (SAU:4261) Days Sales Outstanding : 70.99 (As of Dec. 2023)

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What is Theeb Car Rental Co Days Sales Outstanding?

Theeb Car Rental Co's average Accounts Receivable for the three months ended in Dec. 2023 was ﷼234 Mil. Theeb Car Rental Co's Revenue for the three months ended in Dec. 2023 was ﷼301 Mil. Hence, Theeb Car Rental Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 70.99.

The historical rank and industry rank for Theeb Car Rental Co's Days Sales Outstanding or its related term are showing as below:

SAU:4261' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.19 Med: 61.14 Max: 69.39
Current: 69.39

During the past 4 years, Theeb Car Rental Co's highest Days Sales Outstanding was 69.39. The lowest was 60.19. And the median was 61.14.

SAU:4261's Days Sales Outstanding is ranked worse than
62.74% of 1036 companies
in the Business Services industry
Industry Median: 58.73 vs SAU:4261: 69.39

Theeb Car Rental Co's Days Sales Outstanding increased from Dec. 2022 (63.31) to Dec. 2023 (70.99).

Theeb Car Rental Co Days Sales Outstanding Historical Data

The historical data trend for Theeb Car Rental Co's Days Sales Outstanding 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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Theeb Car Rental Co Days Sales Outstanding Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

60.36

60.19

61.91

67.26

Theeb Car Rental Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											63.31	67.43	67.95	73.01	70.99

Competitive Comparison of Theeb Car Rental Co's Days Sales Outstanding

For the Rental & Leasing Services subindustry, Theeb Car Rental Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Theeb Car Rental Co's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Theeb Car Rental Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Theeb Car Rental Co's Days Sales Outstanding falls into.

Theeb Car Rental Co Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Theeb Car Rental Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (189.364	+	229.097)	/	2 )	/	1135.394	*	365
=	209.2305					/	1135.394	*	365
=	67.26

Theeb Car Rental Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (238.752	+	229.097)	/	2 )	/	300.674	*	365 / 4
=	233.9245					/	300.674	*	365 / 4
=	70.99

Theeb Car Rental Co (SAU:4261) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Theeb Car Rental Co Days Sales Outstanding Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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