Theeb Car Rental Co (SAU:4261) Receivables Turnover : 1.28 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Theeb Car Rental 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. Theeb Car Rental Co's Revenue for the three months ended in Mar. 2024 was ﷼307 Mil. Theeb Car Rental Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼240 Mil. Hence, Theeb Car Rental Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

Theeb Car Rental Co Receivables Turnover Historical Data

The historical data trend for Theeb Car Rental 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.

* Premium members only.

Theeb Car Rental Co Receivables Turnover Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.05

6.06

5.90

5.43

Theeb Car Rental Co Quarterly Data
	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												1.35	1.34	1.25	1.29	1.28

Competitive Comparison of Theeb Car Rental Co's Receivables Turnover

For the Rental & Leasing Services subindustry, Theeb Car Rental 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.

Theeb Car Rental Co's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Theeb Car Rental Co's Receivables Turnover falls into.

Theeb Car Rental Co Receivables Turnover Calculation

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

Theeb Car Rental 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 )
=	1135.394	/ (	(189.364	+	229.097)	/	2 )
=	1135.394	/	209.2305
=	5.43

Theeb Car Rental 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 )
=	306.574	/ (	(229.097	+	251.046)	/	2 )
=	306.574	/	240.0715
=	1.28

Theeb Car Rental Co (SAU:4261) 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.

Theeb Car Rental Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Theeb Car Rental Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Receivables Turnover

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

No Headlines