Amwaj International Co (SAU:9537) Receivables Turnover : 1.32 (As of Dec. 2023)

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What is Amwaj International 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. Amwaj International Co's Revenue for the six months ended in Dec. 2023 was ﷼147.0 Mil. Amwaj International Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼111.5 Mil. Hence, Amwaj International Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.32.

Amwaj International Co Receivables Turnover Historical Data

The historical data trend for Amwaj International 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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Amwaj International Co Receivables Turnover Chart

Amwaj International Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.78

5.06

3.20

Amwaj International Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.25	2.61	1.95	1.57	1.32

Competitive Comparison of Amwaj International Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Amwaj International 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.

Amwaj International Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Amwaj International Co's Receivables Turnover distribution charts can be found below:

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

Amwaj International Co Receivables Turnover Calculation

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

Amwaj International 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 )
=	301.934	/ (	(81.319	+	107.14)	/	2 )
=	301.934	/	94.2295
=	3.20

Amwaj International 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 )
=	147.04	/ (	(115.783	+	107.14)	/	2 )
=	147.04	/	111.4615
=	1.32

Amwaj International Co (SAU:9537) 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.

Amwaj International Co Receivables Turnover Related Terms

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Amwaj International Co (SAU:9537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Amwaj International Co (SAU:9537) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alorouba Street, Alolaya, Riyadh, SAU

Website

https://www.amwaj-trd.com

Amwaj International Co is engaged in the field of selling and distributing electronic and home appliances. Its products include air conditioning; televisions; washing machines; water coolers; heaters and other products.

Amwaj International Co (SAU:9537) Headlines

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