Union Properties PJSC (DFM:UPP) Receivables Turnover : 0.34 (As of Mar. 2024)

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What is Union Properties PJSC 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. Union Properties PJSC's Revenue for the three months ended in Mar. 2024 was د.إ138.1 Mil. Union Properties PJSC's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ407.5 Mil. Hence, Union Properties PJSC's Receivables Turnover for the three months ended in Mar. 2024 was 0.34.

Union Properties PJSC Receivables Turnover Historical Data

The historical data trend for Union Properties PJSC'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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Union Properties PJSC Receivables Turnover Chart

Union Properties PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.96

1.70

1.84

1.97

1.88

Union Properties PJSC 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															0.56	0.52	0.54	0.51	0.34

Competitive Comparison of Union Properties PJSC's Receivables Turnover

For the Conglomerates subindustry, Union Properties PJSC'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.

Union Properties PJSC's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Union Properties PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Union Properties PJSC's Receivables Turnover falls into.

Union Properties PJSC Receivables Turnover Calculation

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

Union Properties PJSC'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 )
=	508.009	/ (	(208.019	+	331.374)	/	2 )
=	508.009	/	269.6965
=	1.88

Union Properties PJSC'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 )
=	138.114	/ (	(331.374	+	483.584)	/	2 )
=	138.114	/	407.479
=	0.34

Union Properties PJSC (DFM:UPP) 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.

Union Properties PJSC Receivables Turnover Related Terms

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Union Properties PJSC (DFM:UPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Union Properties PJSC (DFM:UPP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Union Business Park 1, P.O. Box 24649, Green Community East, Dubai Investment Park 1, Dubai, ARE

Website

https://www.up.ae

Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of three segments: real estate, contracting, and goods and services. Property rentals and sales compose the real estate segment. The firm's contracting sector involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In goods and services, the company offers facility management and maintenance services, motor racing services, and sale of goods. The majority of the company's revenue is generated from the goods and services segment.

Union Properties PJSC (DFM:UPP) Headlines

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