Salik Company PJSC (DFM:SALIK) Receivables Turnover : 4.60 (As of Mar. 2024)

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What is Salik Company 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. Salik Company PJSC's Revenue for the three months ended in Mar. 2024 was د.إ562 Mil. Salik Company PJSC's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ122 Mil. Hence, Salik Company PJSC's Receivables Turnover for the three months ended in Mar. 2024 was 4.60.

Salik Company PJSC Receivables Turnover Historical Data

The historical data trend for Salik Company 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.

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Salik Company PJSC Receivables Turnover Chart

Salik Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.86

11.36

13.49

13.10

16.62

Salik Company PJSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									3.92	4.00	4.12	4.56	4.60

Competitive Comparison of Salik Company PJSC's Receivables Turnover

For the Infrastructure Operations subindustry, Salik Company 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.

Salik Company PJSC's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Salik Company PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Salik Company PJSC's Receivables Turnover falls into.

Salik Company PJSC Receivables Turnover Calculation

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

Salik Company PJSC'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 )
=	2108.593	/ (	(130.336	+	123.365)	/	2 )
=	2108.593	/	126.8505
=	16.62

Salik Company PJSC's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	562.055	/ (	(123.365	+	121.227)	/	2 )
=	562.055	/	122.296
=	4.60

Salik Company PJSC (DFM:SALIK) 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.

Salik Company PJSC Receivables Turnover Related Terms

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Salik Company PJSC (DFM:SALIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Salik Company PJSC (DFM:SALIK) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Marrakesh Street, Al Garhoud, Block C, First Floor, P.O. Box: 118899, Umm Ramool, Roads and Transport Authority Headquarters, Dubai, ARE

Website

https://www.salik.ae

Salik Company PJSC is engaged in the operations and maintenance of toll gates in Dubai. It also is involved in the design and construction of new tollgates, including without limitation, the required tolling equipment, infrastructure, and any other interface requirements.

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