Naseej for Technology Co (SAU:9538) Receivables Turnover : 1.31 (As of Dec. 2023)

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What is Naseej for Technology 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. Naseej for Technology Co's Revenue for the six months ended in Dec. 2023 was ﷼124.4 Mil. Naseej for Technology Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼94.8 Mil. Hence, Naseej for Technology Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.31.

Naseej for Technology Co Receivables Turnover Historical Data

The historical data trend for Naseej for Technology 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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Naseej for Technology Co Receivables Turnover Chart

Naseej for Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.45

2.51

2.18

Naseej for Technology Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			1.27	1.13	1.33	1.03	1.31

Competitive Comparison of Naseej for Technology Co's Receivables Turnover

For the Information Technology Services subindustry, Naseej for Technology 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.

Naseej for Technology Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Naseej for Technology Co's Receivables Turnover falls into.

Naseej for Technology Co Receivables Turnover Calculation

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

Naseej for Technology 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 )
=	215.225	/ (	(92.095	+	105.598)	/	2 )
=	215.225	/	98.8465
=	2.18

Naseej for Technology 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 )
=	124.356	/ (	(83.902	+	105.598)	/	2 )
=	124.356	/	94.75
=	1.31

Naseej for Technology Co (SAU:9538) 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.

Naseej for Technology Co Receivables Turnover Related Terms

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Naseej for Technology Co (SAU:9538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Naseej for Technology Co (SAU:9538) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahsa Road,, P.O Box : 20129, Building Number 7593, Ground floor, Riyadh, SAU, 11455

Website

https://www.naseej.com

Naseej for Technology Co offers comprehensive digital transformation solutions for academic and educational institutions, knowledge and cultural centers, government organizations, and large corporations. The company's reportable segments are KAM solutions, Education solutions and E-solutions.

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