Seera Group Holding (SAU:1810) Receivables Turnover : 0.66 (As of Sep. 2024)

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What is Seera Group Holding 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. Seera Group Holding's Revenue for the three months ended in Sep. 2024 was ﷼995 Mil. Seera Group Holding's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼1,504 Mil. Hence, Seera Group Holding's Receivables Turnover for the three months ended in Sep. 2024 was 0.66.

Seera Group Holding Receivables Turnover Historical Data

The historical data trend for Seera Group Holding'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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Seera Group Holding Receivables Turnover Chart

Seera Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.69

0.69

1.04

1.80

2.69

Seera Group Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.65	0.78	0.72	0.66	0.66

Competitive Comparison of Seera Group Holding's Receivables Turnover

For the Travel Services subindustry, Seera Group Holding'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.

Seera Group Holding's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Seera Group Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Seera Group Holding's Receivables Turnover falls into.

Seera Group Holding Receivables Turnover Calculation

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

Seera Group Holding'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 )
=	3290.821	/ (	(1070.44	+	1378.53)	/	2 )
=	3290.821	/	1224.485
=	2.69

Seera Group Holding's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	995.157	/ (	(1487.707	+	1520.618)	/	2 )
=	995.157	/	1504.1625
=	0.66

Seera Group Holding (SAU:1810) 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.

Seera Group Holding Receivables Turnover Related Terms

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Seera Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Seera Group Holding (SAU:1810) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Takhasussi Street, P.O. Box 52660, Olaya, Riyadh, SAU, 11573

Website

https://www.seera.sa

Seera Group Holding is a Saudi Joint Stock company registered in Riyadh, Kingdom of Saudi Arabia. Al Tayyar Travel Group activities encompass scheduled air travel services, tourism, cargo, transportation, Hajj and Umrah, conferences and events, education, chartered flights, furnished suites and hotels, shipping, and other travel-related services and products. The group comprises the following business segments namely Ticketing, Tourism, Transportation, Hospitality, and Property rentals. The company generates the majority of its revenue from the Transportation segment which provides transportation-related services, such as car rentals, chartered flights, and delivery of shipments.

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