Al Moammar Information Systems Co (SAU:7200) Receivables Turnover : 0.52 (As of Mar. 2024)

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What is Al Moammar Information Systems 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. Al Moammar Information Systems Co's Revenue for the three months ended in Mar. 2024 was ﷼334 Mil. Al Moammar Information Systems Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼640 Mil. Hence, Al Moammar Information Systems Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.52.

Al Moammar Information Systems Co Receivables Turnover Historical Data

The historical data trend for Al Moammar Information Systems 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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Al Moammar Information Systems Co Receivables Turnover Chart

Al Moammar Information Systems Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.85

1.56

1.42

1.79

2.57

Al Moammar Information Systems 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	0.70	0.55	0.42	0.52

Competitive Comparison of Al Moammar Information Systems Co's Receivables Turnover

For the Information Technology Services subindustry, Al Moammar Information Systems 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.

Al Moammar Information Systems Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Al Moammar Information Systems Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Al Moammar Information Systems Co's Receivables Turnover falls into.

Al Moammar Information Systems Co Receivables Turnover Calculation

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

Al Moammar Information Systems 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 )
=	1459.715	/ (	(496.678	+	641.123)	/	2 )
=	1459.715	/	568.9005
=	2.57

Al Moammar Information Systems 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 )
=	333.507	/ (	(641.123	+	638.661)	/	2 )
=	333.507	/	639.892
=	0.52

Al Moammar Information Systems Co (SAU:7200) 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.

Al Moammar Information Systems Co Receivables Turnover Related Terms

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Al Moammar Information Systems Co (SAU:7200) Business Description

Industry

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Address

6330 Al Thumamah Road, Unit No. 1, 3296, Al Sahafa District, Riyadh, SAU, 13315

Website

https://www.mis.com.sa

Al Moammar Information Systems Co is an Information Technology(IT) company. It offers operating systems, system analysis, software designing and programming, software maintenance, web design, web hosting, data processing, and other related services. The company's segments include Business services management unit, Solutions unit, Systems unit, IT security unit, Networking unit, Operation and maintenance unit, and Data center unit.

Al Moammar Information Systems Co (SAU:7200) Headlines

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