Saudi Arabian Oil Co (SAU:2222) Receivables Turnover : 2.51 (As of Dec. 2024)

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What is Saudi Arabian Oil 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. Saudi Arabian Oil Co's Revenue for the three months ended in Dec. 2024 was ﷼428,591 Mil. Saudi Arabian Oil Co's average Accounts Receivable for the three months ended in Dec. 2024 was ﷼171,080 Mil. Hence, Saudi Arabian Oil Co's Receivables Turnover for the three months ended in Dec. 2024 was 2.51.

Saudi Arabian Oil Co Receivables Turnover Historical Data

The historical data trend for Saudi Arabian Oil 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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Saudi Arabian Oil Co Receivables Turnover Chart

Saudi Arabian Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.65

13.32

14.87

11.31

10.86

Saudi Arabian Oil Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.65	2.57	2.65	2.63	2.51

Competitive Comparison of Saudi Arabian Oil Co's Receivables Turnover

For the Oil & Gas Integrated subindustry, Saudi Arabian Oil 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.

Saudi Arabian Oil Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saudi Arabian Oil Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Saudi Arabian Oil Co's Receivables Turnover falls into.

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Saudi Arabian Oil Co Receivables Turnover Calculation

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

Saudi Arabian Oil Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1801674	/ (	(163919	+	167884)	/	2 )
=	1801674	/	165901.5
=	10.86

Saudi Arabian Oil Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	428591	/ (	(174275	+	167884)	/	2 )
=	428591	/	171079.5
=	2.51

Saudi Arabian Oil Co (SAU:2222) 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.

Saudi Arabian Oil Co Receivables Turnover Related Terms

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Saudi Arabian Oil Co Business Description

Industry

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Address

P.O. Box 5000, Dhahran, SAU, 31311

Website

https://www.aramco.com

Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. It is the largest oil and gas producer in the world with a production volume of 12.8 mmboe/d in 2023, including 10.7 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world's fourth-largest refiner. It also owns 59.6 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.

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