Abraj Energy Services CoOG (MUS:ABRJ) Receivables Turnover : 1.21 (As of Dec. 2024)

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What is Abraj Energy Services CoOG 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. Abraj Energy Services CoOG's Revenue for the three months ended in Dec. 2024 was ر.ع37.4 Mil. Abraj Energy Services CoOG's average Accounts Receivable for the three months ended in Dec. 2024 was ر.ع30.9 Mil. Hence, Abraj Energy Services CoOG's Receivables Turnover for the three months ended in Dec. 2024 was 1.21.

Abraj Energy Services CoOG Receivables Turnover Historical Data

The historical data trend for Abraj Energy Services CoOG'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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Abraj Energy Services CoOG Receivables Turnover Chart

Abraj Energy Services CoOG Annual Data

Trend

Dec22

Dec23

Dec24

Receivables Turnover

5.37

5.12

4.89

Abraj Energy Services CoOG Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							1.09	1.23	1.18	1.16	1.21

Competitive Comparison of Abraj Energy Services CoOG's Receivables Turnover

For the Oil & Gas Drilling subindustry, Abraj Energy Services CoOG'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.

Abraj Energy Services CoOG's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Abraj Energy Services CoOG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Abraj Energy Services CoOG's Receivables Turnover falls into.

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Abraj Energy Services CoOG Receivables Turnover Calculation

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

Abraj Energy Services CoOG'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 )
=	151.646	/ (	(30.798	+	31.173)	/	2 )
=	151.646	/	30.9855
=	4.89

Abraj Energy Services CoOG'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 )
=	37.378	/ (	(30.569	+	31.173)	/	2 )
=	37.378	/	30.871
=	1.21

Abraj Energy Services CoOG (MUS:ABRJ) 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.

Abraj Energy Services CoOG Receivables Turnover Related Terms

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Abraj Energy Services CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraj Energy Services Co SAOG (MUS:ABRJ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building Number 420, Way number 1005, 4th floor, Mawaleh, Muscat, OMN

Website

https://www.abrajenergy.com

Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment.

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