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Theeb Rent a Car Co. 2023 Annual Results

Revenue

SAR 1.14B

Net Profit

SAR 142M

EPS

SAR 3.30

Operating Cash Flow

SAR -89M

Theeb Rent a Car Co. (4261) reported full year 2023 revenue of SAR 1.14B, up 212.5% from SAR 363M in 2022. Net profit came in at SAR 142M, down 25.2% year on year. Earnings per share were SAR 3.30. The company generated SAR -89M 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 -0.63 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.63.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 1.14B	SAR 363M
Net Profit	SAR 142M	SAR 190M
Gross Profit		SAR 605M
Net Margin	12.5%	52.3%
ROE	19.5%	28.6%
EPS	SAR 3.30
Total Assets	SAR 2.24B	SAR 1.87B
Total Equity	SAR 730M	SAR 665M
Total Liabilities	SAR 1.51B
Operating Cash Flow	SAR -89M

Year on Year Comparison

Revenue increased by 212.5% compared to 2022. Net profit decreased by 25.2%. Revenue grew but profit declined — suggesting margin pressure.

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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: 2024-03-24.