Umm Al Qaiwain General Investments Co (KUW:QIC) Receivables Turnover : 1.21 (As of Mar. 2024)

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What is Umm Al Qaiwain General Investments Co 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. Umm Al Qaiwain General Investments Co's Revenue for the three months ended in Mar. 2024 was KWD1.49 Mil. Umm Al Qaiwain General Investments Co's average Accounts Receivable for the three months ended in Mar. 2024 was KWD1.23 Mil. Hence, Umm Al Qaiwain General Investments Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.21.

Umm Al Qaiwain General Investments Co Receivables Turnover Historical Data

The historical data trend for Umm Al Qaiwain General Investments Co'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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Umm Al Qaiwain General Investments Co Receivables Turnover Chart

Umm Al Qaiwain General Investments Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

331.50

32.86

39.74

Umm Al Qaiwain General Investments Co 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															1.02	0.92	-	-	1.21

Competitive Comparison of Umm Al Qaiwain General Investments Co's Receivables Turnover

For the Capital Markets subindustry, Umm Al Qaiwain General Investments Co'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.

Umm Al Qaiwain General Investments Co's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Umm Al Qaiwain General Investments Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Umm Al Qaiwain General Investments Co's Receivables Turnover falls into.

Umm Al Qaiwain General Investments Co Receivables Turnover Calculation

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

Umm Al Qaiwain General Investments Co'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 )
=	2.395	/ (	(0	+	0)	/	1 )
=	2.395	/	0
=	N/A

Umm Al Qaiwain General Investments Co'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 )
=	1.485	/ (	(0	+	1.226)	/	1 )
=	1.485	/	1.226
=	1.21

Umm Al Qaiwain General Investments Co (KUW:QIC) 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.

Umm Al Qaiwain General Investments Co Receivables Turnover Related Terms

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Umm Al Qaiwain General Investments Co (KUW:QIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Umm Al Qaiwain General Investments Co (KUW:QIC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

QIC:United Arab Emirates

Address

Al Ittihad Street, Fahad Al Salem Street, P.O.Box: 816, Building a Big Market Tower Floor 9, Al Raafah Kuwait: Al Dar Audit - Abdullah Muzaini, Umm Al-Qaiwain, ARE

Website

http://www.qic-uaq.ae

Umm Al Qaiwain General Investments Co is engaged in real estate enterprise investment, development, and institution and management, funds and stock investments. The commercial activities of the company include investment in lands, buildings, education, health sector, general investments, among others. The two geographical segments in which the company operates comprise of the United Arab Emirates and the Gulf Cooperation Council.

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