Batic Investments and Logistics Co (SAU:4110) Receivables Turnover : 0.90 (As of Mar. 2024)

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What is Batic Investments and Logistics 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. Batic Investments and Logistics Co's Revenue for the three months ended in Mar. 2024 was ﷼124.3 Mil. Batic Investments and Logistics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼138.7 Mil. Hence, Batic Investments and Logistics Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.90.

Batic Investments and Logistics Co Receivables Turnover Historical Data

The historical data trend for Batic Investments and Logistics 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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Batic Investments and Logistics Co Receivables Turnover Chart

Batic Investments and Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.01

3.24

2.93

3.13

3.67

Batic Investments and Logistics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.91	0.86	0.84	0.87	0.90

Competitive Comparison of Batic Investments and Logistics Co's Receivables Turnover

For the Conglomerates subindustry, Batic Investments and Logistics 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.

Batic Investments and Logistics Co's Receivables Turnover Distribution in the Conglomerates Industry

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

* The bar in red indicates where Batic Investments and Logistics Co's Receivables Turnover falls into.

Batic Investments and Logistics Co Receivables Turnover Calculation

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

Batic Investments and Logistics 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 )
=	480.572	/ (	(120.738	+	141.387)	/	2 )
=	480.572	/	131.0625
=	3.67

Batic Investments and Logistics Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	124.301	/ (	(141.387	+	135.991)	/	2 )
=	124.301	/	138.689
=	0.90

Batic Investments and Logistics Co (SAU:4110) 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.

Batic Investments and Logistics Co Receivables Turnover Related Terms

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Batic Investments and Logistics Co (SAU:4110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Batic Investments and Logistics Co (SAU:4110) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al'arz Street, PO Box 7939, Second floor, BATIC Building, Al-Olaya District, Riyadh, SAU

Website

http://www.batic.com.sa

Batic Investments and Logistics Co is engaged in general construction of residential buildings and general constructions of non-residential buildings including schools, hospitals and hotels, restoration of residential and non-residential buildings, construction and repair of roads, streets, sidewalks and road accessories and finishing buildings.

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