Saudi Cable Co (SAU:2110) Receivables Turnover : 0.18 (As of Mar. 2024)

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What is Saudi Cable 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. Saudi Cable Co's Revenue for the three months ended in Mar. 2024 was ﷼12.57 Mil. Saudi Cable Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼71.08 Mil. Hence, Saudi Cable Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.18.

Saudi Cable Co Receivables Turnover Historical Data

The historical data trend for Saudi Cable 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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Saudi Cable Co Receivables Turnover Chart

Saudi Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.55

1.84

0.94

0.60

0.41

Saudi Cable Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.15	0.05	0.05	0.18	0.18

Competitive Comparison of Saudi Cable Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Saudi Cable 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.

Saudi Cable Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Saudi Cable Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Saudi Cable Co's Receivables Turnover falls into.

Saudi Cable Co Receivables Turnover Calculation

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

Saudi Cable 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 )
=	30.678	/ (	(82.626	+	67.156)	/	2 )
=	30.678	/	74.891
=	0.41

Saudi Cable 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 )
=	12.572	/ (	(67.156	+	75.004)	/	2 )
=	12.572	/	71.08
=	0.18

Saudi Cable Co (SAU:2110) 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.

Saudi Cable Co Receivables Turnover Related Terms

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Saudi Cable Co (SAU:2110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saudi Cable Co (SAU:2110) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Industrial Area Phase 2, P. O. Box 4403, Jeddah, SAU, 21491

Website

http://www.saudicable.com

Saudi Cable Co and its subsidiaries are engaged in manufacturing and marketing of electrical and telecommunication cables, copper rod, polyvinyl chloride compounds, wooden reels, and related products. It is also engaged in the contracting, trading, and supply of cables. It has two operating segments: Sale of manufactured goods and Turnkey power and telecommunication projects. The sales of manufactured goods generate maximum revenue for the company. Geographically, the company operations are carried out in the Kingdom of Saudi Arabia, UAE, and Turkey of which Saudi Arabia generates maximum revenue to the company.

Saudi Cable Co (SAU:2110) Headlines

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