Baazeem Trading Co (SAU:4051) Receivables Turnover : 0.58 (As of Sep. 2024)

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What is Baazeem Trading 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. Baazeem Trading Co's Revenue for the three months ended in Sep. 2024 was ﷼64.8 Mil. Baazeem Trading Co's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼112.3 Mil. Hence, Baazeem Trading Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.58.

Baazeem Trading Co Receivables Turnover Historical Data

The historical data trend for Baazeem Trading 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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Baazeem Trading Co Receivables Turnover Chart

Baazeem Trading Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.10

2.71

3.00

2.80

2.39

Baazeem Trading 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															0.54	0.55	0.58	0.48	0.58

Competitive Comparison of Baazeem Trading Co's Receivables Turnover

For the Conglomerates subindustry, Baazeem Trading 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.

Baazeem Trading Co's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Baazeem Trading Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Baazeem Trading Co's Receivables Turnover falls into.

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Baazeem Trading Co Receivables Turnover Calculation

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

Baazeem Trading 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 )
=	257.106	/ (	(101.334	+	113.806)	/	2 )
=	257.106	/	107.57
=	2.39

Baazeem Trading 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 )
=	64.793	/ (	(111.36	+	113.259)	/	2 )
=	64.793	/	112.3095
=	0.58

Baazeem Trading Co (SAU:4051) 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.

Baazeem Trading Co Receivables Turnover Related Terms

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Baazeem Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Baazeem Trading Co (SAU:4051) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Faisal Street, Riyadh Al-Murabba District, PO Box 2156, Riyadh, SAU, 11451

Website

https://www.baazeem.com

Baazeem Trading Co is engaged in diversified businesses. Principally, the company is involved in the distribution of canned fish, household chemicals, baby supplies, personal care products and home furniture accessories and others. Also, it is involved in the wholesale of coffee and tea products, cosmetics and beauty soaps, food items and drinks, sale of tools and plastic materials, rubber, and industrial fibers. The company is also involved in the manufacturing of sanitary paper, napkins, cleaning wipes, tissue paper, towel rolls, and ready-made food packaging.

Baazeem Trading Co Headlines

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