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Almasane Alkobra Mining Co (SAU:1322) Receivables Turnover : 0.97 (As of Mar. 2024)


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What is Almasane Alkobra Mining 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. Almasane Alkobra Mining Co's Revenue for the three months ended in Mar. 2024 was ﷼134.5 Mil. Almasane Alkobra Mining Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼138.8 Mil. Hence, Almasane Alkobra Mining Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.97.


Almasane Alkobra Mining Co Receivables Turnover Historical Data

The historical data trend for Almasane Alkobra Mining 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.

Almasane Alkobra Mining Co Receivables Turnover Chart

Almasane Alkobra Mining Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
4.52 4.42 3.39 3.37

Almasane Alkobra Mining Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.80 0.78 0.85 0.97

Competitive Comparison of Almasane Alkobra Mining Co's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Almasane Alkobra Mining 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.


Almasane Alkobra Mining Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Almasane Alkobra Mining Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Almasane Alkobra Mining Co's Receivables Turnover falls into.



Almasane Alkobra Mining Co Receivables Turnover Calculation

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

Almasane Alkobra Mining 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 )
=487.895 / ((161.315 + 128.595) / 2 )
=487.895 / 144.955
=3.37

Almasane Alkobra Mining Co'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 )
=134.5 / ((128.595 + 148.937) / 2 )
=134.5 / 138.766
=0.97

* 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.


Almasane Alkobra Mining Co  (SAU:1322) 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.


Almasane Alkobra Mining Co Receivables Turnover Related Terms

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Almasane Alkobra Mining Co (SAU:1322) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 96, Najran, SAU
Almasane Alkobra Mining Co is engaged in mining non-ferrous metal ores (aluminium, copper, and lead), mining ores of precious metals belonging to the gold, silver, and platinum group, and wholesaling precious metals and gemstones.

Almasane Alkobra Mining Co (SAU:1322) Headlines

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