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National Mineral Water CoOG (MUS:NMWI) Receivables Turnover : 0.73 (As of Jun. 2024)


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What is National Mineral Water 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. National Mineral Water CoOG's Revenue for the three months ended in Jun. 2024 was ر.ع1.48 Mil. National Mineral Water CoOG's average Accounts Receivable for the three months ended in Jun. 2024 was ر.ع2.02 Mil. Hence, National Mineral Water CoOG's Receivables Turnover for the three months ended in Jun. 2024 was 0.73.


National Mineral Water CoOG Receivables Turnover Historical Data

The historical data trend for National Mineral Water 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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National Mineral Water CoOG Receivables Turnover Chart

National Mineral Water CoOG Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 3.38 2.93 2.92 2.64

National Mineral Water CoOG Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.99 0.54 0.48 0.61 0.73

Competitive Comparison of National Mineral Water CoOG's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, National Mineral Water 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.


National Mineral Water CoOG's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Mineral Water CoOG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where National Mineral Water CoOG's Receivables Turnover falls into.


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National Mineral Water CoOG Receivables Turnover Calculation

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

National Mineral Water CoOG'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 )
=6.015 / ((2.275 + 2.285) / 2 )
=6.015 / 2.28
=2.64

National Mineral Water CoOG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=1.477 / ((2.072 + 1.959) / 2 )
=1.477 / 2.0155
=0.73

* 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.


National Mineral Water CoOG  (MUS:NMWI) 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.


National Mineral Water CoOG Receivables Turnover Related Terms

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National Mineral Water CoOG Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 2740, Ruwi, Muscat, OMN, 112
National Mineral Water Co SAOG is an Oman-based company. It is engaged in investment, agency business, import, export, trading in food and non-food products, recycling of polyethylene terephthalate (PET) bottles, and manufacturing of value added PET related products. The company receives maximum revenue from manufacturing. The company operates in two product segments that are Bottled Water and Traded/co-manufactured Products.

National Mineral Water CoOG Headlines

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