Ghitha Holding PJSC (ADX:GHITHA) Receivables Turnover : 1.08 (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Ghitha Holding PJSC 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. Ghitha Holding PJSC's Revenue for the three months ended in Sep. 2023 was د.إ1,244 Mil. Ghitha Holding PJSC's average Accounts Receivable for the three months ended in Sep. 2023 was د.إ1,148 Mil. Hence, Ghitha Holding PJSC's Receivables Turnover for the three months ended in Sep. 2023 was 1.08.

Ghitha Holding PJSC Receivables Turnover Historical Data

The historical data trend for Ghitha Holding PJSC'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.

Ghitha Holding PJSC Receivables Turnover Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

56.39

55.02

8.12

4.45

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							1.20	0.83	0.98	1.15	1.08

Competitive Comparison of Ghitha Holding PJSC's Receivables Turnover

For the Food Distribution subindustry, Ghitha Holding PJSC'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.

Ghitha Holding PJSC's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Receivables Turnover falls into.

Ghitha Holding PJSC Receivables Turnover Calculation

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

Ghitha Holding PJSC's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2278.566	/ (	(129.337	+	895.777)	/	2 )
=	2278.566	/	512.557
=	4.45

Ghitha Holding PJSC's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1244.488	/ (	(1137.794	+	1158.334)	/	2 )
=	1244.488	/	1148.064
=	1.08

Ghitha Holding PJSC (ADX:GHITHA) 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.

Ghitha Holding PJSC Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ghitha Holding PJSC's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

No Headlines