Sameer Africa (NAI:SMER) Receivables Turnover : 4.69 (As of Jun. 2023)

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What is Sameer Africa 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. Sameer Africa's Revenue for the six months ended in Jun. 2023 was KES201.2 Mil. Sameer Africa's average Accounts Receivable for the six months ended in Jun. 2023 was KES42.9 Mil. Hence, Sameer Africa's Receivables Turnover for the six months ended in Jun. 2023 was 4.69.

Sameer Africa Receivables Turnover Historical Data

The historical data trend for Sameer Africa'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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Sameer Africa Receivables Turnover Chart

Sameer Africa Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.76

6.67

4.14

7.22

9.24

Sameer Africa Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															3.57	3.66	3.49	6.99	4.69

Competitive Comparison of Sameer Africa's Receivables Turnover

For the Auto Parts subindustry, Sameer Africa'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.

Sameer Africa's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sameer Africa's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sameer Africa's Receivables Turnover falls into.

Sameer Africa Receivables Turnover Calculation

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

Sameer Africa's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	613.065	/ (	(89.802	+	42.858)	/	2 )
=	613.065	/	66.33
=	9.24

Sameer Africa's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	201.197	/ (	(42.858	+	0)	/	1 )
=	201.197	/	42.858
=	4.69

Sameer Africa (NAI:SMER) 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.

Sameer Africa Receivables Turnover Related Terms

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Sameer Africa (NAI:SMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sameer Africa Ltd (NAI:SMER) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mombasa Road Junction, PO Box 30429, LR No. 12081/9, Nairobi, KEN, 00100

Website

https://www.sameerafrica.com

Sameer Africa Ltd engages in the manufacturing and distribution of tyres and allied products and the letting of investment property. The company operates through four business segments: sourcing and distribution, regional operations, Yana tyre centre, and rental business where the sourcing and distribution segment is engaged in the manufacturing and distribution of tires, tubes, and flaps, the regional operations segment engages in the buying and distribution of tires, tubes, and flaps in the Eastern Africa region, Yana tyre center segment is involved in the retailing of tires, tubes, and flaps, and the provision of tire-related services and the rental business segment is engaged in the letting of investment properties.

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