Majan College (University College)OG (MUS:BACS) Receivables Turnover : 8.50 (As of Aug. 2023)

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What is Majan College (University College)OG 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. Majan College (University College)OG's Revenue for the six months ended in Aug. 2023 was ر.ع3.83 Mil. Majan College (University College)OG's average Accounts Receivable for the six months ended in Aug. 2023 was ر.ع0.45 Mil. Hence, Majan College (University College)OG's Receivables Turnover for the six months ended in Aug. 2023 was 8.50.

Majan College (University College)OG Receivables Turnover Historical Data

The historical data trend for Majan College (University College)OG'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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Majan College (University College)OG Receivables Turnover Chart

Majan College (University College)OG Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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3.90

3.10

3.96

7.90

8.50

Majan College (University College)OG Semi-Annual Data
	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Receivables Turnover	Get a 7-Day Free Trial													3.90	3.10	3.96	7.90	8.50

Competitive Comparison of Majan College (University College)OG's Receivables Turnover

For the Education & Training Services subindustry, Majan College (University College)OG'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.

Majan College (University College)OG's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Majan College (University College)OG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Majan College (University College)OG's Receivables Turnover falls into.

Majan College (University College)OG Receivables Turnover Calculation

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

Majan College (University College)OG's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	3.831	/ (	(0.438	+	0.463)	/	2 )
=	3.831	/	0.4505
=	8.50

Majan College (University College)OG's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2022 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	3.831	/ (	(0.438	+	0.463)	/	2 )
=	3.831	/	0.4505
=	8.50

Majan College (University College)OG (MUS:BACS) 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.

Majan College (University College)OG Receivables Turnover Related Terms

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Majan College (University College)OG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Majan College (University College) SAOG (MUS:BACS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Building No 1986, Way No. 2621, P.O Box: 710, Ruwi, Mutrah, Muscat, OMN, 112

Website

https://www.majancollege.edu.om

Majan College (University College) SAOG engages in the fields of management sciences, and scientific research, and provides education to students in the Sultanate of Oman. The company offers programs at both undergraduate and postgraduate levels. Majan College (University College) SAOG provides its undergraduate programs in Business Administration with several pathways like Finance, Accounting, Banking and Finance, Computer and Internet Applications, Networking, Computing with 3 pathways, and English Language. The Master's programs offered include Business Administration, Computer Sciences, and International Human Resources Management.

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