Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Receivables Turnover : 7.87 (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC 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. Ali Alghanim Sons Automotive Co KSC's Revenue for the three months ended in Mar. 2024 was KWD64.2 Mil. Ali Alghanim Sons Automotive Co KSC's average Accounts Receivable for the three months ended in Mar. 2024 was KWD8.2 Mil. Hence, Ali Alghanim Sons Automotive Co KSC's Receivables Turnover for the three months ended in Mar. 2024 was 7.87.

Ali Alghanim Sons Automotive Co KSC Receivables Turnover Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Receivables Turnover Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

30.25

33.88

46.58

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							8.99	7.03	7.23	8.84	7.87

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's Receivables Turnover falls into.

Ali Alghanim Sons Automotive Co KSC Receivables Turnover Calculation

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

Ali Alghanim Sons Automotive Co KSC'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 )
=	262.785	/ (	(5.514	+	5.769)	/	2 )
=	262.785	/	5.6415
=	46.58

Ali Alghanim Sons Automotive Co KSC'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 )
=	64.227	/ (	(5.769	+	10.548)	/	2 )
=	64.227	/	8.1585
=	7.87

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) 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.

Ali Alghanim Sons Automotive Co KSC Receivables Turnover Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.