Senergy Holding Co KSCP (KUW:SENERGY) Receivables Turnover : 1.91 (As of Dec. 2024)

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What is Senergy Holding Co KSCP 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. Senergy Holding Co KSCP's Revenue for the three months ended in Dec. 2024 was KWD1.21 Mil. Senergy Holding Co KSCP's average Accounts Receivable for the three months ended in Dec. 2024 was KWD0.63 Mil. Hence, Senergy Holding Co KSCP's Receivables Turnover for the three months ended in Dec. 2024 was 1.91.

Senergy Holding Co KSCP Receivables Turnover Historical Data

The historical data trend for Senergy Holding Co KSCP'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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Senergy Holding Co KSCP Receivables Turnover Chart

Senergy Holding Co KSCP Annual Data

Trend

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.83

5.32

6.07

5.55

7.97

Senergy Holding Co KSCP Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.44	2.01	1.95	1.91

Competitive Comparison of Senergy Holding Co KSCP's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Senergy Holding Co KSCP'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.

Senergy Holding Co KSCP's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Senergy Holding Co KSCP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Senergy Holding Co KSCP's Receivables Turnover falls into.

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Senergy Holding Co KSCP Receivables Turnover Calculation

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

Senergy Holding Co KSCP's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	4.454	/ (	(0.595	+	0.523)	/	2 )
=	4.454	/	0.559
=	7.97

Senergy Holding Co KSCP's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1.21	/ (	(0.744	+	0.523)	/	2 )
=	1.21	/	0.6335
=	1.91

Senergy Holding Co KSCP (KUW:SENERGY) 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.

Senergy Holding Co KSCP Receivables Turnover Related Terms

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Senergy Holding Co KSCP Business Description

Industry

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Traded in Other Exchanges

N/A

Address

East Ahmadi, P.O. Box 9920, Block 8, Plot 42, Senergy Complex, Mezzanine, Kuwait, KWT, 61010

Website

https://www.senergyholding.com

Senergy Holding Co KSCP is involved in providing oilfield services at different stages of the field development cycle. Its products and services include wireline and production logging, drilling services, perforating, well testing, and well stimulation among others. The company's segments are Investment management and Drilling and maintenance. The investment management segment is responsible for investing surplus funds in portfolios to maximise returns, incorporate or acquire subsidiaries expand the Group's operations, and maintain an adequate capital base to sustain the future development of the business. The Drilling and maintenance segment Supports activities for the drilling of oil wells and related maintenance.

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