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Riyal Investment And Development Co (SAU:9584) Receivables Turnover : 2.35 (As of Jun. 2024)


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What is Riyal Investment And 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. Riyal Investment And Development Co's Revenue for the six months ended in Jun. 2024 was ﷼68.9 Mil. Riyal Investment And Development Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼29.3 Mil. Hence, Riyal Investment And Development Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.35.

Riyal Investment And Development Co Receivables Turnover Historical Data

The historical data trend for Riyal Investment And 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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Riyal Investment And Development Co Receivables Turnover Chart

Riyal Investment And Development Co Annual Data
Trend Dec22 Dec23
Receivables Turnover
6.27 4.30

Riyal Investment And Development Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Receivables Turnover - 2.02 2.30 2.35

Competitive Comparison of Riyal Investment And Development Co's Receivables Turnover

For the Rental & Leasing Services subindustry, Riyal Investment And 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.

Riyal Investment And Development Co's Receivables Turnover Distribution in the Business Services Industry

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

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


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Riyal Investment And Development Co Receivables Turnover Calculation

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

Riyal Investment And 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 )
=121.662 / ((30.225 + 26.337) / 2 )
=121.662 / 28.281
=4.30

Riyal Investment And 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 )
=68.891 / ((26.337 + 32.269) / 2 )
=68.891 / 29.303
=2.35

* 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.

Riyal Investment And Development Co  (SAU:9584) 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.

Riyal Investment And Development Co Receivables Turnover Related Terms

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Riyal Investment And Development Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Riyal Investment And Development Co (SAU:9584) » Definitions » Receivables Turnover
Comparable Companies
SAU:9577 URI LSE:AHT AER FTAI UHAL TSX:EFN XPAR:AYV BSP:RENT3 R GATX HKSE:02588 AL TSE:8439 WSC XTER:SIX2 CAR HEES HRI SHSE:603300
Traded in Other Exchanges
N/A
Address
Jubail Highway, P.O. Box 9494, Dammam, SAU, 31451
Website
https://www.riyalmotors.com
Riyal Investment And Development Co is engaged in leasing vehicles and buses, trading activities (export, import, brokerage, and marketing for others) in the non-money exchange business, establishing and operating workshops for vehicles, equipment, wholesale and retail sales and export and import in vehicles spare parts and wheels. It has two segments; Lease of Vehicles and Sale of Vehicles. The company derives maximum revenue from the lease of Vehicles Segment.

Riyal Investment And Development Co Headlines

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