Knowledge Tower Trading Co (SAU:9551) Receivables Turnover : 27.11 (As of Sep. 2023)

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What is Knowledge Tower Trading 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. Knowledge Tower Trading Co's Revenue for the six months ended in Sep. 2023 was ﷼21.42 Mil. Knowledge Tower Trading Co's average Accounts Receivable for the six months ended in Sep. 2023 was ﷼0.79 Mil. Hence, Knowledge Tower Trading Co's Receivables Turnover for the six months ended in Sep. 2023 was 27.11.

Knowledge Tower Trading Co Receivables Turnover Historical Data

The historical data trend for Knowledge Tower Trading 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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Knowledge Tower Trading Co Receivables Turnover Chart

Knowledge Tower Trading Co Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

22.19

17.19

23.07

Knowledge Tower Trading Co Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			30.55	0.80	2.40	1.02	27.11

Competitive Comparison of Knowledge Tower Trading Co's Receivables Turnover

For the Specialty Retail subindustry, Knowledge Tower Trading 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.

Knowledge Tower Trading Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Knowledge Tower Trading Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Knowledge Tower Trading Co's Receivables Turnover falls into.

Knowledge Tower Trading Co Receivables Turnover Calculation

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

Knowledge Tower Trading Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	29.324	/ (	(1.752	+	0.79)	/	2 )
=	29.324	/	1.271
=	23.07

Knowledge Tower Trading Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	21.419	/ (	(0.79	+	0)	/	1 )
=	21.419	/	0.79
=	27.11

Knowledge Tower Trading Co (SAU:9551) 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.

Knowledge Tower Trading Co Receivables Turnover Related Terms

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Knowledge Tower Trading Co (SAU:9551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Knowledge Tower Trading Co (SAU:9551) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ibn Yaqout Al-Hamawi Road, Al-Muraikbat District, Dammam, SAU, 7222 -32253

Website

https://www.kntbook.com

Knowledge Tower Trading Co is engaged in marketing and selling educational books for schools, universities, training institutes, and government educational institutions, developing educational programs for schools, providing electronic educational platforms, providing modern educational resources for training, and designing educational models.

Knowledge Tower Trading Co (SAU:9551) Headlines

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