Miral Dental Clinics Co (SAU:9604) Receivables Turnover : 2.69 (As of Jun. 2024)

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What is Miral Dental Clinics 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. Miral Dental Clinics Co's Revenue for the six months ended in Jun. 2024 was ﷼33.98 Mil. Miral Dental Clinics Co's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼12.63 Mil. Hence, Miral Dental Clinics Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.69.

Miral Dental Clinics Co Receivables Turnover Historical Data

The historical data trend for Miral Dental Clinics 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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Miral Dental Clinics Co Receivables Turnover Chart

Miral Dental Clinics Co Annual Data

Trend

Receivables Turnover

Miral Dental Clinics Co Semi-Annual Data
	Jun23	Jun24
Receivables Turnover	-	2.69

Competitive Comparison of Miral Dental Clinics Co's Receivables Turnover

For the Medical Care Facilities subindustry, Miral Dental Clinics 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.

Miral Dental Clinics Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Miral Dental Clinics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Miral Dental Clinics Co's Receivables Turnover falls into.

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Miral Dental Clinics Co Receivables Turnover Calculation

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

Miral Dental Clinics 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

Miral Dental Clinics 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: Jun. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	33.977	/ (	(0	+	12.626)	/	1 )
=	33.977	/	12.626
=	2.69

Miral Dental Clinics Co (SAU:9604) 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.

Miral Dental Clinics Co Receivables Turnover Related Terms

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Miral Dental Clinics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Miral Dental Clinics Co (SAU:9604) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Prince Muhammad bin Abdulaziz Road, Riyadh, SAU, 11527

Website

https://www.miraldental.com

Miral Dental Clinics Co is a company whose main activities include dental centers, dental clinics, specialized medical complexes, and medical clinics.

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