Molan Steel Co (SAU:9553) Receivables Turnover : 3.07 (As of Jun. 2024)

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What is Molan Steel 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. Molan Steel Co's Revenue for the six months ended in Jun. 2024 was ﷼39.82 Mil. Molan Steel Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼12.95 Mil. Hence, Molan Steel Co's Receivables Turnover for the six months ended in Jun. 2024 was 3.07.

Molan Steel Co Receivables Turnover Historical Data

The historical data trend for Molan Steel 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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Molan Steel Co Receivables Turnover Chart

Molan Steel Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

8.62

10.81

7.45

Molan Steel Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			8.39	3.75	4.37	3.27	3.07

Competitive Comparison of Molan Steel Co's Receivables Turnover

For the Steel subindustry, Molan Steel 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.

Molan Steel Co's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Molan Steel Co's Receivables Turnover falls into.

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Molan Steel Co Receivables Turnover Calculation

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

Molan Steel 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 )
=	89.697	/ (	(10.062	+	14.015)	/	2 )
=	89.697	/	12.0385
=	7.45

Molan Steel 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 )
=	39.816	/ (	(14.015	+	11.893)	/	2 )
=	39.816	/	12.954
=	3.07

Molan Steel Co (SAU:9553) 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.

Molan Steel Co Receivables Turnover Related Terms

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Molan Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Molan Steel Co (SAU:9553) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road Exit No 16, Palladium Center Complex PO Box 7090, AlFarouq District, Riyadh, SAU, 14323

Website

https://molansteel.com

Molan Steel Co is engaged in supply and sale of iron products represented in iron tins of all kinds, iron bridges of all kinds, and iron angles.

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