Makkah Construction & Development Co (SAU:4100) Receivables Turnover : 3.67 (As of Dec. 2023)

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What is Makkah Construction & Development 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. Makkah Construction & Development Co's Revenue for the three months ended in Dec. 2023 was ﷼133.8 Mil. Makkah Construction & Development Co's average Accounts Receivable for the three months ended in Dec. 2023 was ﷼36.4 Mil. Hence, Makkah Construction & Development Co's Receivables Turnover for the three months ended in Dec. 2023 was 3.67.

Makkah Construction & Development Co Receivables Turnover Historical Data

The historical data trend for Makkah Construction & Development 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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Makkah Construction & Development Co Receivables Turnover Chart

Makkah Construction & Development Co Annual Data

Trend

Apr14

Apr15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Dec23

Receivables Turnover

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1.84

1.10

2.12

Makkah Construction & Development Co Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Jun21	Sep21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.06	2.45	4.37	6.72	3.67

Competitive Comparison of Makkah Construction & Development Co's Receivables Turnover

For the Lodging subindustry, Makkah Construction & Development 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.

Makkah Construction & Development Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Makkah Construction & Development Co's Receivables Turnover falls into.

Makkah Construction & Development Co Receivables Turnover Calculation

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

Makkah Construction & Development 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: Jan. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	730.914	/ (	(0	+	0)	/	1 )
=	730.914	/	0
=	N/A

Makkah Construction & Development Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	133.791	/ (	(36.445	+	0)	/	1 )
=	133.791	/	36.445
=	3.67

Makkah Construction & Development Co (SAU:4100) 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.

Makkah Construction & Development Co Receivables Turnover Related Terms

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Makkah Construction & Development Co (SAU:4100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Makkah Construction & Development Co (SAU:4100) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Azizia General Street, P.O. Box 7134, Fakih Commercial Center, Seventh Floor, Makkah Al-Mukarramah, Mecca, SAU, 21955

Website

https://www.mcdc.com.sa

Makkah Construction & Development Co is engaged in developing construction projects such as developing facilities near the Holy Mosque of Makkah. The companies objectives are Build up the areas around Makkah Holy mosque, Owning, developing, operating and investing the real estate around Makkah Holy mosque and Caring all engineering works, survey, demolishing & constructions works for the company projects.

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