Arabian Food and Dairy Factories Co (SAU:9536) Receivables Turnover : 4.81 (As of Dec. 2023)

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What is Arabian Food and Dairy Factories 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. Arabian Food and Dairy Factories Co's Revenue for the six months ended in Dec. 2023 was ﷼32.17 Mil. Arabian Food and Dairy Factories Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼6.69 Mil. Hence, Arabian Food and Dairy Factories Co's Receivables Turnover for the six months ended in Dec. 2023 was 4.81.

Arabian Food and Dairy Factories Co Receivables Turnover Historical Data

The historical data trend for Arabian Food and Dairy Factories 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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Arabian Food and Dairy Factories Co Receivables Turnover Chart

Arabian Food and Dairy Factories Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

15.96

15.99

12.96

Arabian Food and Dairy Factories Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			8.38	6.01	6.35	5.11	4.81

Competitive Comparison of Arabian Food and Dairy Factories Co's Receivables Turnover

For the Packaged Foods subindustry, Arabian Food and Dairy Factories 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.

Arabian Food and Dairy Factories Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Arabian Food and Dairy Factories Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arabian Food and Dairy Factories Co's Receivables Turnover falls into.

Arabian Food and Dairy Factories Co Receivables Turnover Calculation

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

Arabian Food and Dairy Factories 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 )
=	62.192	/ (	(3.985	+	5.616)	/	2 )
=	62.192	/	4.8005
=	12.96

Arabian Food and Dairy Factories 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	32.168	/ (	(7.77	+	5.616)	/	2 )
=	32.168	/	6.693
=	4.81

Arabian Food and Dairy Factories Co (SAU:9536) 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.

Arabian Food and Dairy Factories Co Receivables Turnover Related Terms

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Arabian Food and Dairy Factories Co (SAU:9536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Arabian Food and Dairy Factories Co (SAU:9536) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dammam Industrial City, P.O.Box 195, Dammam, SAU, 31952

Website

https://www.fadeco.com

Arabian Food and Dairy Factories Co is engaged in the production and sale of ice cream within the Kingdom of Saudi Arabia, and the company operates in a single geographical segment which is the Kingdom of Saudi Arabia.

Arabian Food and Dairy Factories Co (SAU:9536) Headlines

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