ELM Co (SAU:7203) Receivables Turnover : 1.28 (As of Mar. 2024)

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What is ELM 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. ELM Co's Revenue for the three months ended in Mar. 2024 was ﷼1,639 Mil. ELM Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼1,279 Mil. Hence, ELM Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

ELM Co Receivables Turnover Historical Data

The historical data trend for ELM 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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ELM Co Receivables Turnover Chart

ELM Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.79

5.23

6.55

5.77

5.40

ELM Co Quarterly Data
	Dec17	Dec18	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															1.42	1.56	1.67	1.52	1.28

Competitive Comparison of ELM Co's Receivables Turnover

For the Information Technology Services subindustry, ELM 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.

ELM Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where ELM Co's Receivables Turnover falls into.

ELM Co Receivables Turnover Calculation

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

ELM 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 )
=	5898.363	/ (	(904.392	+	1278.517)	/	2 )
=	5898.363	/	1091.4545
=	5.40

ELM 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 )
=	1639.012	/ (	(1278.517	+	0)	/	1 )
=	1639.012	/	1278.517
=	1.28

ELM Co (SAU:7203) 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.

ELM Co Receivables Turnover Related Terms

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ELM Co (SAU:7203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ELM Co (SAU:7203) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Thaghr, Al Nakheel Dis Digital City, 6614, Unit No 2, Riyadh, SAU, 12382-4182

Website

https://www.elm.sa

ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis, and Technical solutions. The segments are Digital Business, Business Process Outsourcing, and Professional Services, out of which the majority are from the Digital Business segment.

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