Barka Desalination Co (MUS:BRDE) Receivables Turnover : 13.39 (As of Dec. 2023)

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What is Barka Desalination 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. Barka Desalination Co's Revenue for the six months ended in Dec. 2023 was ر.ع19.47 Mil. Barka Desalination Co's average Accounts Receivable for the six months ended in Dec. 2023 was ر.ع1.45 Mil. Hence, Barka Desalination Co's Receivables Turnover for the six months ended in Dec. 2023 was 13.39.

Barka Desalination Co Receivables Turnover Historical Data

The historical data trend for Barka Desalination 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.

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Barka Desalination Co Receivables Turnover Chart

Barka Desalination Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

7.78

9.94

13.39

Barka Desalination Co Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	7.78	9.94	13.39

Competitive Comparison of Barka Desalination Co's Receivables Turnover

For the Utilities - Regulated Water subindustry, Barka Desalination 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.

Barka Desalination Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Barka Desalination Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Barka Desalination Co's Receivables Turnover falls into.

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Barka Desalination Co Receivables Turnover Calculation

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

Barka Desalination 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 )
=	19.467	/ (	(1.442	+	1.466)	/	2 )
=	19.467	/	1.454
=	13.39

Barka Desalination Co'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	19.467	/ (	(1.442	+	1.466)	/	2 )
=	19.467	/	1.454
=	13.39

Barka Desalination Co (MUS:BRDE) 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.

Barka Desalination Co Receivables Turnover Related Terms

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Barka Desalination Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Barka Desalination Co (MUS:BRDE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bait Mahmyat Al Qurum, Office 4, Ground Floor, Shatti Al Qurum, Muscat, OMN

Website

https://www.barkadesalination.com

Barka Desalination Co is engaged in the operation of a seawater desalination plant in Oman. The objectives of the Company are to acquire, develop, finance, design, construct, operate, and maintain a desalination facility at Barka Independent Water Project, a seawater reverse osmosis (SWRO) plant located in Barka, South Batinah Governorate, Sultanate of Oman.

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