Riyadh Cables Group Co (SAU:4142) Receivables Turnover : 1.29 (As of Sep. 2024)

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What is Riyadh Cables Group 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. Riyadh Cables Group Co's Revenue for the three months ended in Sep. 2024 was ﷼2,433 Mil. Riyadh Cables Group Co's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼1,882 Mil. Hence, Riyadh Cables Group Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.29.

Riyadh Cables Group Co Receivables Turnover Historical Data

The historical data trend for Riyadh Cables Group 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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Riyadh Cables Group Co Receivables Turnover Chart

Riyadh Cables Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.64

4.29

5.48

6.06

6.01

Riyadh Cables Group Co Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial										1.26	1.25	1.38	1.21	1.29

Competitive Comparison of Riyadh Cables Group Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Riyadh Cables Group 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.

Riyadh Cables Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Riyadh Cables Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Riyadh Cables Group Co's Receivables Turnover falls into.

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Riyadh Cables Group Co Receivables Turnover Calculation

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

Riyadh Cables Group 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 )
=	7825.378	/ (	(1300.528	+	1305.105)	/	2 )
=	7825.378	/	1302.8165
=	6.01

Riyadh Cables Group 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 )
=	2433.149	/ (	(1742.6	+	2020.922)	/	2 )
=	2433.149	/	1881.761
=	1.29

Riyadh Cables Group Co (SAU:4142) 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.

Riyadh Cables Group Co Receivables Turnover Related Terms

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Riyadh Cables Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riyadh Cables Group Co (SAU:4142) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Al Kharj Road Street No. 175, 3rd Lane Zone, D, 2nd industrial City, P.O.Box 26862, Riyadh, SAU, 11496

Website

https://www.riyadh-cables.com

Riyadh Cables Group Co manufactures and supplies all types of wire and cables at its state-of-art facilities. The company's products include Wires, Low Voltage Cables (LV), Medium Voltage Cables (MV), High & Extra High Voltage Cables (HV/EHV), Overhead Lines Conductors Cables (OHL), Instrumentation & Control Cables, Renewable Energy Cables, and Fiber Optic & Telephone Cables. The company operates in three segments, Cable & Wires segment includes Electrical cables, the HV Project segment includes Turnkey projects, and the Other segments include Telephone cables & services. The majority of revenue is generated from Cable & Wires segment.

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