Al Mawarid Manpower Co (SAU:1833) Receivables Turnover : 1.70 (As of Sep. 2024)

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What is Al Mawarid Manpower 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. Al Mawarid Manpower Co's Revenue for the three months ended in Sep. 2024 was ﷼468 Mil. Al Mawarid Manpower Co's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼276 Mil. Hence, Al Mawarid Manpower Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.70.

Al Mawarid Manpower Co Receivables Turnover Historical Data

The historical data trend for Al Mawarid Manpower 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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Al Mawarid Manpower Co Receivables Turnover Chart

Al Mawarid Manpower Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

7.89

6.42

5.93

Al Mawarid Manpower Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial								2.02	1.79	1.61	1.56	1.70

Competitive Comparison of Al Mawarid Manpower Co's Receivables Turnover

For the Staffing & Employment Services subindustry, Al Mawarid Manpower 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.

Al Mawarid Manpower Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Al Mawarid Manpower Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Al Mawarid Manpower Co's Receivables Turnover falls into.

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Al Mawarid Manpower Co Receivables Turnover Calculation

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

Al Mawarid Manpower 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 )
=	1260.909	/ (	(210.301	+	214.644)	/	2 )
=	1260.909	/	212.4725
=	5.93

Al Mawarid Manpower 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 )
=	468.026	/ (	(278.813	+	272.467)	/	2 )
=	468.026	/	275.64
=	1.70

Al Mawarid Manpower Co (SAU:1833) 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.

Al Mawarid Manpower Co Receivables Turnover Related Terms

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Al Mawarid Manpower Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Al Mawarid Manpower Co (SAU:1833) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7017 Ibn Warqa Street, P.O. Box 10370, Al-Rawdah District, Riyadh, SAU, 13211

Website

https://www.mawarid.com.sa

Al Mawarid Manpower Co is a Saudi closed joint stock company. The company is engaged in labor recruitment activities and the provision of manpower services in the Kingdom to corporate clients (in the public and private sectors) and individuals. The company operates in three reportable segments: Corporate Segment, Individual Segment, and Hourly Segment out of which Corporate Segment represents the majority revenue generated from corporate clients, mainly in connection with the following client industries: maintenance companies, restaurants, construction and contracting, transportation and hospitals.

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