Tam Development Co (SAU:9570) Receivables Turnover : 1.65 (As of Jun. 2024)

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What is Tam Development 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. Tam Development Co's Revenue for the six months ended in Jun. 2024 was ﷼120.7 Mil. Tam Development Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼73.3 Mil. Hence, Tam Development Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.65.

Tam Development Co Receivables Turnover Historical Data

The historical data trend for Tam Development 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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Tam Development Co Receivables Turnover Chart

Tam Development Co Annual Data

Trend

Dec22

Dec23

Receivables Turnover

8.68

4.49

Tam Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	3.71	1.88	1.65

Competitive Comparison of Tam Development Co's Receivables Turnover

For the Consulting Services subindustry, Tam Development 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.

Tam Development Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tam Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tam Development Co's Receivables Turnover falls into.

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Tam Development Co Receivables Turnover Calculation

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

Tam Development 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 )
=	188.403	/ (	(16.951	+	66.915)	/	2 )
=	188.403	/	41.933
=	4.49

Tam Development 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 )
=	120.701	/ (	(66.915	+	79.758)	/	2 )
=	120.701	/	73.3365
=	1.65

Tam Development Co (SAU:9570) 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.

Tam Development Co Receivables Turnover Related Terms

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Tam Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tam Development Co (SAU:9570) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road Riyadh 8428, Unit No 11119, Grand Tower, 10th Floor, Additional No 4250, Riyadh, SAU, 12363

Website

https://www.tam.sa

Tam Development Co is a Saudi-based management consultancy firm. It offers a model that integrates digital solutions and advisory services, partnering with its clients to public impact.

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