Leejam Sports Co (SAU:1830) Receivables Turnover : 14.66 (As of Sep. 2024)

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What is Leejam Sports 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. Leejam Sports Co's Revenue for the three months ended in Sep. 2024 was ﷼406 Mil. Leejam Sports Co's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼28 Mil. Hence, Leejam Sports Co's Receivables Turnover for the three months ended in Sep. 2024 was 14.66.

Leejam Sports Co Receivables Turnover Historical Data

The historical data trend for Leejam Sports 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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Leejam Sports Co Receivables Turnover Chart

Leejam Sports Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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42.07

28.36

39.35

45.78

51.08

Leejam Sports Co 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															13.35	14.21	11.67	12.20	14.66

Competitive Comparison of Leejam Sports Co's Receivables Turnover

For the Leisure subindustry, Leejam Sports 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.

Leejam Sports Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Leejam Sports Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Leejam Sports Co's Receivables Turnover falls into.

Leejam Sports Co Receivables Turnover Calculation

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

Leejam Sports 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 )
=	1325.407	/ (	(22.809	+	29.084)	/	2 )
=	1325.407	/	25.9465
=	51.08

Leejam Sports Co'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 )
=	405.74	/ (	(26.558	+	28.793)	/	2 )
=	405.74	/	27.6755
=	14.66

Leejam Sports Co (SAU:1830) 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.

Leejam Sports Co Receivables Turnover Related Terms

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Leejam Sports Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Leejam Sports Co (SAU:1830) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Thumamah Street, P.O. Box 295245, Al Ghadir District, Riyadh, SAU, 11351

Website

https://www.leejam.com.sa

Leejam Sports Co is a Saudi Arabian company that owns and operates a network of sports and fitness centers in the Middle East and North Africa under the name Fitness Time. Its brands include Fitness Time Plus, Fitness Time, Fitness Time Pro, Fitness Time Junior, Fitness Time Ladies, and Fitness Time Ladies Pro. The company's operating segments include the Central region, Western region, Eastern region and International region. It generates maximum revenue from the Central region segment and also from Subscriptions and membership.

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