Al Ansari Financial Services (DFM:ALANSARI) Receivables Turnover : 14.26 (As of Jun. 2024)

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What is Al Ansari Financial Services 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. Al Ansari Financial Services's Revenue for the three months ended in Jun. 2024 was د.إ292 Mil. Al Ansari Financial Services's average Accounts Receivable for the three months ended in Jun. 2024 was د.إ21 Mil. Hence, Al Ansari Financial Services's Receivables Turnover for the three months ended in Jun. 2024 was 14.26.

Al Ansari Financial Services Receivables Turnover Historical Data

The historical data trend for Al Ansari Financial Services'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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Al Ansari Financial Services Receivables Turnover Chart

Al Ansari Financial Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4,912.35

5,144.23

5,335.85

7,123.20

7,799.43

Al Ansari Financial Services Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial							941.76	1,078.60	1,466.14	32.77	14.26

Competitive Comparison of Al Ansari Financial Services's Receivables Turnover

For the Capital Markets subindustry, Al Ansari Financial Services'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.

Al Ansari Financial Services's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Al Ansari Financial Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Al Ansari Financial Services's Receivables Turnover falls into.

Al Ansari Financial Services Receivables Turnover Calculation

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

Al Ansari Financial Services'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 )
=	1142.616	/ (	(0.132	+	0.161)	/	2 )
=	1142.616	/	0.1465
=	7,799.43

Al Ansari Financial Services's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	292.329	/ (	(16.606	+	24.403)	/	2 )
=	292.329	/	20.5045
=	14.26

Al Ansari Financial Services (DFM:ALANSARI) 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.

Al Ansari Financial Services Receivables Turnover Related Terms

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Al Ansari Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE

Website

https://www.aafs.ae

Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards and transportation of cash and valuables.

Al Ansari Financial Services Headlines

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