Edarat Communication And Information Technology Co (SAU:9557) Receivables Turnover : 3.48 (As of Jun. 2024)

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What is Edarat Communication And Information 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. Edarat Communication And Information Technology Co's Revenue for the six months ended in Jun. 2024 was ﷼45.62 Mil. Edarat Communication And Information Technology Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼13.13 Mil. Hence, Edarat Communication And Information Technology Co's Receivables Turnover for the six months ended in Jun. 2024 was 3.48.

Edarat Communication And Information Technology Co Receivables Turnover Historical Data

The historical data trend for Edarat Communication And Information 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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Edarat Communication And Information Technology Co Receivables Turnover Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.66

13.52

9.65

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			4.33	14.34	15.50	4.60	3.48

Competitive Comparison of Edarat Communication And Information Technology Co's Receivables Turnover

For the Information Technology Services subindustry, Edarat Communication And Information 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.

Edarat Communication And Information Technology Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Edarat Communication And Information Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Edarat Communication And Information Technology Co's Receivables Turnover falls into.

Edarat Communication And Information Technology Co Receivables Turnover Calculation

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

Edarat Communication And Information 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 )
=	80.237	/ (	(2.117	+	14.512)	/	2 )
=	80.237	/	8.3145
=	9.65

Edarat Communication And Information Technology 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 )
=	45.618	/ (	(14.512	+	11.741)	/	2 )
=	45.618	/	13.1265
=	3.48

Edarat Communication And Information Technology Co (SAU:9557) 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.

Edarat Communication And Information Technology Co Receivables Turnover Related Terms

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Edarat Communication And Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

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