Saudi Aramco Base Oil Co - Luberef (SAU:2223) Receivables Turnover : 1.97 (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef 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 Aramco Base Oil Co - Luberef's Revenue for the three months ended in Mar. 2024 was ﷼2,185 Mil. Saudi Aramco Base Oil Co - Luberef's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼1,108 Mil. Hence, Saudi Aramco Base Oil Co - Luberef's Receivables Turnover for the three months ended in Mar. 2024 was 1.97.

Saudi Aramco Base Oil Co - Luberef Receivables Turnover Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef Receivables Turnover Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

10.25

11.26

9.14

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					1.76	2.31	2.19	2.37	1.97

Competitive Comparison of Saudi Aramco Base Oil Co - Luberef's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saudi Aramco Base Oil Co - Luberef's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Saudi Aramco Base Oil Co - Luberef's Receivables Turnover falls into.

Saudi Aramco Base Oil Co - Luberef Receivables Turnover Calculation

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

Saudi Aramco Base Oil Co - Luberef'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 )
=	9488.679	/ (	(1023.142	+	1053.83)	/	2 )
=	9488.679	/	1038.486
=	9.14

Saudi Aramco Base Oil Co - Luberef'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 )
=	2184.79	/ (	(1053.83	+	1161.538)	/	2 )
=	2184.79	/	1107.684
=	1.97

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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 Aramco Base Oil Co - Luberef Receivables Turnover Related Terms

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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