Mabanee Co KPSC (KUW:MABANEE) Receivables Turnover : 1.86 (As of Mar. 2024)

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What is Mabanee Co KPSC 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. Mabanee Co KPSC's Revenue for the three months ended in Mar. 2024 was KWD33.1 Mil. Mabanee Co KPSC's average Accounts Receivable for the three months ended in Mar. 2024 was KWD17.8 Mil. Hence, Mabanee Co KPSC's Receivables Turnover for the three months ended in Mar. 2024 was 1.86.

Mabanee Co KPSC Receivables Turnover Historical Data

The historical data trend for Mabanee Co KPSC'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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Mabanee Co KPSC Receivables Turnover Chart

Mabanee Co KPSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.19

7.61

13.50

20.99

15.93

Mabanee Co KPSC 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															3.08	2.25	2.42	3.19	1.86

Competitive Comparison of Mabanee Co KPSC's Receivables Turnover

For the Real Estate Services subindustry, Mabanee Co KPSC'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.

Mabanee Co KPSC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mabanee Co KPSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mabanee Co KPSC's Receivables Turnover falls into.

Mabanee Co KPSC Receivables Turnover Calculation

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

Mabanee Co KPSC'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 )
=	129.331	/ (	(5.581	+	10.66)	/	2 )
=	129.331	/	8.1205
=	15.93

Mabanee Co KPSC'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 )
=	33.106	/ (	(10.66	+	24.851)	/	2 )
=	33.106	/	17.7555
=	1.86

Mabanee Co KPSC (KUW:MABANEE) 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.

Mabanee Co KPSC Receivables Turnover Related Terms

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Mabanee Co KPSC (KUW:MABANEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mabanee Co KPSC (KUW:MABANEE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052

Website

https://www.mabanee.com

Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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