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Saudi Automotive Services Co. 2023 Annual Results

Revenue

SAR 9.11B

Net Profit

SAR 105M

EPS

SAR 1.76

Operating Cash Flow

SAR 618M

Saudi Automotive Services Co. (4050) reported full year 2023 revenue of SAR 9.11B, up 20.2% from SAR 7.58B in 2022. Net profit came in at SAR 105M, up 17.6% year on year. Earnings per share were SAR 1.76. The company generated SAR 618M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR 5.86 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 5.86.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 9.11B	SAR 7.58B
Net Profit	SAR 105M	SAR 90M
Gross Profit		SAR 272M
Net Margin	1.2%	1.2%
ROE	12.1%	10.7%
EPS	SAR 1.76
Total Assets	SAR 5.96B	SAR 6.11B
Total Equity	SAR 875M	SAR 836M
Total Liabilities	SAR 4.96B
Operating Cash Flow	SAR 618M

Year on Year Comparison

Revenue increased by 20.2% compared to 2022. Net profit increased by 17.6%. Both revenue and profit grew — indicating expanding business.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-03-28.