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Agthia Group PJSC (ADX:AGTHIA) Receivables Turnover : 1.76 (As of Dec. 2023)


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What is Agthia Group PJSC 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. Agthia Group PJSC's Revenue for the three months ended in Dec. 2023 was د.إ1,290 Mil. Agthia Group PJSC's average Accounts Receivable for the three months ended in Dec. 2023 was د.إ732 Mil. Hence, Agthia Group PJSC's Receivables Turnover for the three months ended in Dec. 2023 was 1.76.


Agthia Group PJSC Receivables Turnover Historical Data

The historical data trend for Agthia Group PJSC'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.

Agthia Group PJSC Receivables Turnover Chart

Agthia Group PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.36 4.51 5.48 5.79 6.27

Agthia Group PJSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 1.54 1.35 1.50 1.76

Competitive Comparison of Agthia Group PJSC's Receivables Turnover

For the Packaged Foods subindustry, Agthia Group PJSC'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.


Agthia Group PJSC's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Agthia Group PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Agthia Group PJSC's Receivables Turnover falls into.



Agthia Group PJSC Receivables Turnover Calculation

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

Agthia Group PJSC'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 )
=4561.21 / ((720.829 + 734.717) / 2 )
=4561.21 / 727.773
=6.27

Agthia Group PJSC'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1290.246 / ((729.743 + 734.717) / 2 )
=1290.246 / 732.23
=1.76

* 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.


Agthia Group PJSC  (ADX:AGTHIA) 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.


Agthia Group PJSC Receivables Turnover Related Terms

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Agthia Group PJSC (ADX:AGTHIA) Business Description

Traded in Other Exchanges
N/A
Address
17th Floor, Sky Tower, P.O. Box 37725, Al Reem Island, Abu Dhabi, ARE
Agthia Group PJSC is a food and beverage company that sells its products to customers across the UAE, GCC, Turkey, and the wider Middle East. Its product portfolio is categorized into segments, including flour and animal feed, water and beverages, processed fruits and vegetables, and dairy and frozen baked products. The company operates through two businesses: agribusiness, which manages, manufactures, distributes, and markets Grand Mills flour and Agrivita animal feed products; and consumer business, which operates in the food and beverage sector and provides products including bottled drinking water, juices, sauces, and dairy products.

Agthia Group PJSC (ADX:AGTHIA) Headlines

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