Nofoth Food Products Co (SAU:9556) Receivables Turnover : 21.82 (As of Dec. 2024)

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What is Nofoth Food Products 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. Nofoth Food Products Co's Revenue for the six months ended in Dec. 2024 was ﷼185.7 Mil. Nofoth Food Products Co's average Accounts Receivable for the six months ended in Dec. 2024 was ﷼8.5 Mil. Hence, Nofoth Food Products Co's Receivables Turnover for the six months ended in Dec. 2024 was 21.82.

Nofoth Food Products Co Receivables Turnover Historical Data

The historical data trend for Nofoth Food Products 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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Nofoth Food Products Co Receivables Turnover Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Dec24

Receivables Turnover

22.83

36.05

47.62

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			11.36	15.64	22.89	29.37	21.82

Competitive Comparison of Nofoth Food Products Co's Receivables Turnover

For the Grocery Stores subindustry, Nofoth Food Products 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.

Nofoth Food Products Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nofoth Food Products Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nofoth Food Products Co's Receivables Turnover falls into.

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Nofoth Food Products Co Receivables Turnover Calculation

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

Nofoth Food Products Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	365.06	/ (	(5.261	+	10.071)	/	2 )
=	365.06	/	7.666
=	47.62

Nofoth Food Products Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	185.74	/ (	(6.95	+	10.071)	/	2 )
=	185.74	/	8.5105
=	21.82

Nofoth Food Products Co (SAU:9556) 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.

Nofoth Food Products Co Receivables Turnover Related Terms

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Nofoth Food Products Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 2747, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co is engaged in retail sales of bakery products and sugary sweets, retail sales of nuts, coffee, spices, and perfumes, operating service restaurants, providing food service contracting, managing main offices, manufacturing sugary sweets such as confectionery, caramel, toffee, and nougat, operating dry food stores, offering light transportation services, wholesale of used oils and export, automated bread production, pie manufacturing, biscuit production, and the production of various types of popular and oriental sweets. The company also handles the road transport of goods, including refrigerated, frozen goods and main offices activities.

Nofoth Food Products Co Headlines

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