Quara Finance Co (SAU:9596) Receivables Turnover : 0.00 (As of Sep. 2024)

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What is Quara Finance 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. Quara Finance Co's Revenue for the three months ended in Sep. 2024 was ﷼46.6 Mil. Quara Finance Co's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼0.0 Mil.

Quara Finance Co Receivables Turnover Historical Data

The historical data trend for Quara Finance 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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Quara Finance Co Receivables Turnover Chart

Quara Finance Co Annual Data

Trend

Receivables Turnover

Quara Finance Co Quarterly Data
	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Quara Finance Co's Receivables Turnover

For the Credit Services subindustry, Quara Finance 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.

Quara Finance Co's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Quara Finance Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Quara Finance Co's Receivables Turnover falls into.

Quara Finance Co Receivables Turnover Calculation

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

Quara Finance Co's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

	Receivables Turnover (A: . 20 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: . 20 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Quara Finance Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	46.637	/ (	(0	+	0)	/	1 )
=	46.637	/	0
=	N/A

Quara Finance Co (SAU:9596) 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.

Quara Finance Co Receivables Turnover Related Terms

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Quara Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quara Finance Co (SAU:9596) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797

Website

https://www.quarafinance.com

Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

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