Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) Receivables Turnover : 1.88 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Mohammed Hadi AL Rasheed & Partners 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. Mohammed Hadi AL Rasheed & Partners Co's Revenue for the six months ended in Jun. 2024 was ﷼130.6 Mil. Mohammed Hadi AL Rasheed & Partners Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼69.4 Mil. Hence, Mohammed Hadi AL Rasheed & Partners Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.88.

Mohammed Hadi AL Rasheed & Partners Co Receivables Turnover Historical Data

The historical data trend for Mohammed Hadi AL Rasheed & Partners 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.

* Premium members only.

Mohammed Hadi AL Rasheed & Partners Co Receivables Turnover Chart

Mohammed Hadi AL Rasheed & Partners Co Annual Data

Trend

Dec22

Dec23

Receivables Turnover

3.15

3.74

Mohammed Hadi AL Rasheed & Partners Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	1.71	2.00	1.88

Competitive Comparison of Mohammed Hadi AL Rasheed & Partners Co's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Mohammed Hadi AL Rasheed & Partners 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.

Mohammed Hadi AL Rasheed & Partners Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mohammed Hadi AL Rasheed & Partners Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mohammed Hadi AL Rasheed & Partners Co's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Mohammed Hadi AL Rasheed & Partners Co Receivables Turnover Calculation

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

Mohammed Hadi AL Rasheed & Partners 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 )
=	215.225	/ (	(53.206	+	62.015)	/	2 )
=	215.225	/	57.6105
=	3.74

Mohammed Hadi AL Rasheed & Partners 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 )
=	130.628	/ (	(62.015	+	76.711)	/	2 )
=	130.628	/	69.363
=	1.88

Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) 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.

Mohammed Hadi AL Rasheed & Partners Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mohammed Hadi AL Rasheed & Partners Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mohammed Hadi AL Rasheed & Partners Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dammam Road, Building No. 2865, Granada District, Riyadh, SAU, 8137-13242

Website

https://www.alrasheedco.com.sa

Mohammed Hadi AL Rasheed & Partners Co is a company whose main activities are operating quarries, rewinding the magnetic core of generators, motors, and electrical transformers, general construction for residential buildings, general construction for non-residential buildings such as schools, hospitals, hotels, etc, also includes the construction of roads, streets, sidewalks, and road supplies, extending pipes of various types for electricity, communications, and others.

Mohammed Hadi AL Rasheed & Partners Co Headlines

No Headlines