Group Five Pipeudi Co (SAU:9523) Receivables Turnover : 1.54 (As of Jun. 2024)

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What is Group Five Pipeudi 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. Group Five Pipeudi Co's Revenue for the six months ended in Jun. 2024 was ﷼368.9 Mil. Group Five Pipeudi Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼239.6 Mil. Hence, Group Five Pipeudi Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.54.

Group Five Pipeudi Co Receivables Turnover Historical Data

The historical data trend for Group Five Pipeudi 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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Group Five Pipeudi Co Receivables Turnover Chart

Group Five Pipeudi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.77

2.12

0.82

2.40

Group Five Pipeudi Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			0.23	1.10	1.28	0.56	1.54

Competitive Comparison of Group Five Pipeudi Co's Receivables Turnover

For the Steel subindustry, Group Five Pipeudi 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.

Group Five Pipeudi Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Group Five Pipeudi Co's Receivables Turnover distribution charts can be found below:

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

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Group Five Pipeudi Co Receivables Turnover Calculation

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

Group Five Pipeudi 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 )
=	441.177	/ (	(182.219	+	184.851)	/	2 )
=	441.177	/	183.535
=	2.40

Group Five Pipeudi Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	368.871	/ (	(184.851	+	294.351)	/	2 )
=	368.871	/	239.601
=	1.54

Group Five Pipeudi Co (SAU:9523) 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.

Group Five Pipeudi Co Receivables Turnover Related Terms

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Group Five Pipeudi Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Group Five Pipe Saudi Co (SAU:9523) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Industrial City, Dammam, SAU, 31492

Website

https://www.g5ps.com

Group Five Pipe Saudi Co is a spiral pipe provider in the Middle East and it is based in the Kingdom of Saudi Arabia.

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