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National Co for Learning and Education (SAU:4291) Receivables Turnover : 3.29 (As of Feb. 2024)


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What is National Co for Learning and Education 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. National Co for Learning and Education's Revenue for the three months ended in Feb. 2024 was ﷼141.0 Mil. National Co for Learning and Education's average Accounts Receivable for the three months ended in Feb. 2024 was ﷼42.8 Mil. Hence, National Co for Learning and Education's Receivables Turnover for the three months ended in Feb. 2024 was 3.29.


National Co for Learning and Education Receivables Turnover Historical Data

The historical data trend for National Co for Learning and Education'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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National Co for Learning and Education Receivables Turnover Chart

National Co for Learning and Education Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 6.00 6.33 14.66 19.89

National Co for Learning and Education Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.66 2.67 3.66 4.56 3.29

Competitive Comparison of National Co for Learning and Education's Receivables Turnover

For the Education & Training Services subindustry, National Co for Learning and Education'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.


National Co for Learning and Education's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, National Co for Learning and Education's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where National Co for Learning and Education's Receivables Turnover falls into.



National Co for Learning and Education Receivables Turnover Calculation

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

National Co for Learning and Education's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=446.493 / ((22.706 + 22.201) / 2 )
=446.493 / 22.4535
=19.89

National Co for Learning and Education's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=141.037 / ((39.446 + 46.211) / 2 )
=141.037 / 42.8285
=3.29

* 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.


National Co for Learning and Education  (SAU:4291) 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.


National Co for Learning and Education Receivables Turnover Related Terms

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National Co for Learning and Education (SAU:4291) Business Description

Traded in Other Exchanges
N/A
Address
Prince Majid Bin Abdul Aziz Street, P.O. Box 41980, Al Nozha Neighborhood, Al Rayyan District, Riyadh, SAU, 11531
National Co for Learning and Education is a provider of educational and learning services based in Riyadh, Saudi Arabia. It is engaged in ownership, establishment and management of private schools for general education (pre-university) in addition to investment in sport and entertainment along with sport clubs for school students. The company offers educational complexes that accommodate more than 15 thousand students, distributed in all stages from kindergarten, primary, intermediate and high school, according to the national curriculum and international curricula, with scientific laboratories on one hand, and entertainment facilities and sports clubs on the other hand. The company's business segments include Al-Rayan schools, Al-Rawabi schools, Al-Nuzha schools among others.

National Co for Learning and Education (SAU:4291) Headlines

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