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Datasets / 5.0 Working Capital Requirements / KSA

5.1 Working Capital Fundamentals

Receivables, inventory and payables, and the revenue and cost of sales they are measured against.

Saudi ArabiaSaudi Exchange (Tadawul)SAR

Industry averages · one fiscal year at a time · FY2025

FY2025
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	22,331	131	56	74	113
Mills	4	668	10	107	35	82
Car Rental	3	853	114	32	97	49
Manpower	4	2,108	57	0	16	42
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2024
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	36,236	124	68	65	128
Mills	4	795	5	108	34	78
Car Rental	3	514	99	25	132	-8
Manpower	4	1,610	58	0	16	42
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2023
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	33,660	130	49	67	112
Mills	4	609	2	120	36	85
Car Rental	3	-148	89	14	177	-74
Manpower	4	1,159	57	0	17	40
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2022
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	25,417	146	57	81	121
Mills	4	1,127	1	140	39	101
Car Rental	3	158	90	12	157	-55
Manpower	4	1,129	52	0	16	37
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2021
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	16,980	135	56	80	110
Mills	4	801	0	205	53	152
Car Rental	3	-177	91	16	91	16
Manpower	4	1,090	30	0	11	19
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2020
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	6,241	125	79	105	100
Mills	4	1,389	0	169	33	137
Car Rental	3	252	83	22	69	36
Manpower	–	–	–	–	–	–
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2019
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	9,546	125	80	110	95
Mills	2	724	0	196	12	184
Car Rental	3	87	59	25	92	-7
Manpower	–	–	–	–	–	–
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

FY2018
Industry	Companies	Net working capitalSAR M	Days sales outstandingdays	Days inventory outstandingdays	Days payables outstandingdays	Cash conversion cycledays
Telecom	3	12,594	133	47	82	97
Mills	2	580	0	105	5	100
Car Rental	1	65	39	3	69	-27
Manpower	–	–	–	–	–	–
Dairy	–	–	–	–	–	–
Pharma	–	–	–	–	–	–

Industry averages from the companies' audited annual reports. A dash means the figure is not available yet.