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Saudia Dairy and Foodstuff Co (SAU:2270) Receivables Turnover : 2.55 (As of Dec. 2024)


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What is Saudia Dairy and Foodstuff 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. Saudia Dairy and Foodstuff Co's Revenue for the three months ended in Dec. 2024 was ﷼733 Mil. Saudia Dairy and Foodstuff Co's average Accounts Receivable for the three months ended in Dec. 2024 was ﷼287 Mil. Hence, Saudia Dairy and Foodstuff Co's Receivables Turnover for the three months ended in Dec. 2024 was 2.55.


Saudia Dairy and Foodstuff Co Receivables Turnover Historical Data

The historical data trend for Saudia Dairy and Foodstuff 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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Saudia Dairy and Foodstuff Co Receivables Turnover Chart

Saudia Dairy and Foodstuff Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.72 10.19 9.78 10.20 10.31

Saudia Dairy and Foodstuff 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.52 2.30 2.19 2.67 2.55

Competitive Comparison of Saudia Dairy and Foodstuff Co's Receivables Turnover

For the Packaged Foods subindustry, Saudia Dairy and Foodstuff 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.


Saudia Dairy and Foodstuff Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Saudia Dairy and Foodstuff Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Saudia Dairy and Foodstuff Co's Receivables Turnover falls into.


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Saudia Dairy and Foodstuff Co Receivables Turnover Calculation

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

Saudia Dairy and Foodstuff 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: Mar. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=2962.882 / ((285.812 + 289.223) / 2 )
=2962.882 / 287.5175
=10.31

Saudia Dairy and Foodstuff 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 )
=733.209 / ((285.574 + 289.223) / 2 )
=733.209 / 287.3985
=2.55

* 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.


Saudia Dairy and Foodstuff Co  (SAU:2270) 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.


Saudia Dairy and Foodstuff Co Receivables Turnover Related Terms

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Saudia Dairy and Foodstuff Co Business Description

Traded in Other Exchanges
N/A
Address
Ibrahim Almalki Street, P.O. Box 5043, Al Nakheel District, Jeddah, SAU, 21422
Saudia Dairy and Foodstuff Co is engaged in the production and distribution of dairy products, beverages, and various foodstuffs in the Kingdom of Saudi Arabia, Poland, and certain other Gulf and Arab countries. It operates in two segments: Drinks, which include milk and juice products; and Non- drinks, which include ice creams, tomato paste, cheese and snacks.

Saudia Dairy and Foodstuff Co Headlines

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