Orascom Development EgyptE (CAI:ORHD) Receivables Turnover : 1.32 (As of Mar. 2024)

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What is Orascom Development EgyptE 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. Orascom Development EgyptE's Revenue for the three months ended in Mar. 2024 was E£4,175 Mil. Orascom Development EgyptE's average Accounts Receivable for the three months ended in Mar. 2024 was E£3,156 Mil. Hence, Orascom Development EgyptE's Receivables Turnover for the three months ended in Mar. 2024 was 1.32.

Orascom Development EgyptE Receivables Turnover Historical Data

The historical data trend for Orascom Development EgyptE'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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Orascom Development EgyptE Receivables Turnover Chart

Orascom Development EgyptE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.38

21.51

20.16

14.59

14.45

Orascom Development EgyptE 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															3.43	0.76	0.92	1.65	1.32

Competitive Comparison of Orascom Development EgyptE's Receivables Turnover

For the Conglomerates subindustry, Orascom Development EgyptE'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.

Orascom Development EgyptE's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Orascom Development EgyptE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Orascom Development EgyptE's Receivables Turnover falls into.

Orascom Development EgyptE Receivables Turnover Calculation

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

Orascom Development EgyptE'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 )
=	15326.209	/ (	(861.338	+	1259.673)	/	2 )
=	15326.209	/	1060.5055
=	14.45

Orascom Development EgyptE'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 )
=	4175.393	/ (	(1259.673	+	5051.385)	/	2 )
=	4175.393	/	3155.529
=	1.32

Orascom Development EgyptE (CAI:ORHD) 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.

Orascom Development EgyptE Receivables Turnover Related Terms

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Orascom Development EgyptE (CAI:ORHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Orascom Development Egypt SAE (CAI:ORHD) » Definitions » Receivables Turnover

Comparable Companies

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Address

Nile City Towers, South Tower, 9th Floor, 2005 A Corniche El Nil, Cairo, EGY, 11221

Website

https://www.orascomde.com

Orascom Development Egypt SAE is engaged in the development of integrated destinations in Egypt including private villas and apartments, hotels, leisure facilities and other supporting infrastructure. Its segments are Hotels, Real estate, Land sales, Town Management and Other Operations. The Hotel segment includes the provision of hospitality services in two to five-star hotels. Its Real-estate and construction segment includes an acquisition of land in undeveloped areas. The Land sales segment includes the sale of land and land rights to others. Town management consists of the provision of facilities and infrastructure services at resorts and towns. The Other segment comprises of rentals from investment properties, mortgages, hospital services, educational services, and other services.

Orascom Development EgyptE (CAI:ORHD) Headlines

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