Catrion Catering Holding Co (SAU:6004) Receivables Turnover : 0.69 (As of Dec. 2023)

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What is Catrion Catering Holding 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. Catrion Catering Holding Co's Revenue for the three months ended in Dec. 2023 was ﷼549 Mil. Catrion Catering Holding Co's average Accounts Receivable for the three months ended in Dec. 2023 was ﷼794 Mil. Hence, Catrion Catering Holding Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.69.

Catrion Catering Holding Co Receivables Turnover Historical Data

The historical data trend for Catrion Catering Holding 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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Catrion Catering Holding Co Receivables Turnover Chart

Catrion Catering Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.26

1.02

1.44

2.15

2.66

Catrion Catering Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.56	0.57	0.55	0.63	0.69

Competitive Comparison of Catrion Catering Holding Co's Receivables Turnover

For the Airports & Air Services subindustry, Catrion Catering Holding 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.

Catrion Catering Holding Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Catrion Catering Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Catrion Catering Holding Co's Receivables Turnover falls into.

Catrion Catering Holding Co Receivables Turnover Calculation

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

Catrion Catering Holding 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 )
=	2133.762	/ (	(903.206	+	701.477)	/	2 )
=	2133.762	/	802.3415
=	2.66

Catrion Catering Holding 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 )
=	549.129	/ (	(887.338	+	701.477)	/	2 )
=	549.129	/	794.4075
=	0.69

Catrion Catering Holding Co (SAU:6004) 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.

Catrion Catering Holding Co Receivables Turnover Related Terms

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Catrion Catering Holding Co (SAU:6004) Business Description

Industry

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Traded in Other Exchanges

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Address

Al Saeb Al Jomhi Street, Prince Sultan Bin Abdulaziz Road, P.O Box 9178, Almohammadya District (5), Jeddah, SAU, 21413

Website

https://www.saudiacatering.com

Catrion Catering Holding Co formerly Saudi Airlines Catering Co is engaged in the provision of cooked and non-cooked food to private and public sectors, provision of sky sales, operation and management of duty-free zones in Saudi Arabian airports, and ownership, operation, and management of restaurants at airports and other places, and the ownership, operation, and management of central laundries. The Company mainly provides catering services to Saudi Arabian Airlines and other foreign airlines. The company has three operating segments; Inflight includes Inflight catering, airline equipment, and business lounge, Retail includes Onboard, ground, and online, and Catering and Facilities include Remote & Camp management, Business & Industries catering, Security services, Laundry services.

Catrion Catering Holding Co (SAU:6004) Headlines

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