Saudi Tadawul Group Holding Co (SAU:1111) Receivables Turnover : 3.28 (As of Sep. 2024)

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What is Saudi Tadawul Group 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. Saudi Tadawul Group Holding Co's Revenue for the three months ended in Sep. 2024 was ﷼359 Mil. Saudi Tadawul Group Holding Co's average Accounts Receivable for the three months ended in Sep. 2024 was ﷼109 Mil. Hence, Saudi Tadawul Group Holding Co's Receivables Turnover for the three months ended in Sep. 2024 was 3.28.

Saudi Tadawul Group Holding Co Receivables Turnover Historical Data

The historical data trend for Saudi Tadawul Group 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.

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Saudi Tadawul Group Holding Co Receivables Turnover Chart

Saudi Tadawul Group Holding Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

18.82

19.78

17.46

13.49

Saudi Tadawul Group Holding Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial											3.14	2.89	2.80	2.36	3.28

Competitive Comparison of Saudi Tadawul Group Holding Co's Receivables Turnover

For the Capital Markets subindustry, Saudi Tadawul Group 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.

Saudi Tadawul Group Holding Co's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Saudi Tadawul Group Holding Co's Receivables Turnover distribution charts can be found below:

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

Saudi Tadawul Group Holding Co Receivables Turnover Calculation

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

Saudi Tadawul Group 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 )
=	1072.78	/ (	(64.348	+	94.708)	/	2 )
=	1072.78	/	79.528
=	13.49

Saudi Tadawul Group Holding Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	359.141	/ (	(117.285	+	101.527)	/	2 )
=	359.141	/	109.406
=	3.28

Saudi Tadawul Group Holding Co (SAU:1111) 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.

Saudi Tadawul Group Holding Co Receivables Turnover Related Terms

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Saudi Tadawul Group Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Saudi Tadawul Group Holding Co (SAU:1111) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6897 King Fahd Road - Al Olaya, Unit Number: 15, Riyadh, SAU, 12211-3388

Website

https://www.tadawulgroup.sa

Saudi Tadawul Group Holding Co provides trading, clearing, and settlement services in securities in the Kingdom of Saudi Arabia. It also provides services related to innovation in technology. The company's segment includes Capital Markets; Post Trade; Data and Technology Services and Corporate. It generates maximum revenue from the Post Trade segment.

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