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Sinad Holding Co (SAU:4080) Receivables Turnover : 1.18 (As of Mar. 2024)


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What is Sinad Holding 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. Sinad Holding Co's Revenue for the three months ended in Mar. 2024 was ﷼444 Mil. Sinad Holding Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼377 Mil. Hence, Sinad Holding Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.


Sinad Holding Co Receivables Turnover Historical Data

The historical data trend for Sinad Holding 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.

Sinad Holding Co Receivables Turnover Chart

Sinad Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.11 7.07 8.25 5.04 3.87

Sinad Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 1.42 1.69 1.39 1.18

Competitive Comparison of Sinad Holding Co's Receivables Turnover

For the Conglomerates subindustry, Sinad Holding 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.


Sinad Holding Co's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sinad Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sinad Holding Co's Receivables Turnover falls into.



Sinad Holding Co Receivables Turnover Calculation

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

Sinad Holding 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 )
=1616.68 / ((465.312 + 370.863) / 2 )
=1616.68 / 418.0875
=3.87

Sinad Holding 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 )
=443.876 / ((370.863 + 382.405) / 2 )
=443.876 / 376.634
=1.18

* 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.


Sinad Holding Co  (SAU:4080) 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.


Sinad Holding Co Receivables Turnover Related Terms

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Sinad Holding Co (SAU:4080) Business Description

Traded in Other Exchanges
N/A
Address
King Fahad Road, Building No. 7702, CMC Tower, Additional No. 4204, Almalqa District, Riyadh, SAU, 13524
Sinad Holding Co is a Saudi Arabia-based company engaged in diversified investment activities such as trade, tourism, real estate development, and construction. It is engaged in two business segments including Investment and Industrial segment. Geographically it has a presence in the Kingdom of Saudi Arabia, Egypt, and Other Arab and foreign countries in which key revenue is generated from the Kingdom of Saudi Arabia.

Sinad Holding Co (SAU:4080) Headlines

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