El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Receivables Turnover : 1.42 (As of Sep. 2023)

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What is El-Mor Electric Installation & Services (1986) 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. El-Mor Electric Installation & Services (1986)'s Revenue for the three months ended in Sep. 2023 was ₪173.7 Mil. El-Mor Electric Installation & Services (1986)'s average Accounts Receivable for the three months ended in Sep. 2023 was ₪122.6 Mil. Hence, El-Mor Electric Installation & Services (1986)'s Receivables Turnover for the three months ended in Sep. 2023 was 1.42.

El-Mor Electric Installation & Services (1986) Receivables Turnover Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'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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El-Mor Electric Installation & Services (1986) Receivables Turnover Chart

El-Mor Electric Installation & Services (1986) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.21

4.52

4.91

3.89

5.12

El-Mor Electric Installation & Services (1986) Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial								-	1.25	1.37	1.50	1.42

Competitive Comparison of El-Mor Electric Installation & Services (1986)'s Receivables Turnover

For the Engineering & Construction subindustry, El-Mor Electric Installation & Services (1986)'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.

El-Mor Electric Installation & Services (1986)'s Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, El-Mor Electric Installation & Services (1986)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where El-Mor Electric Installation & Services (1986)'s Receivables Turnover falls into.

El-Mor Electric Installation & Services (1986) Receivables Turnover Calculation

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

El-Mor Electric Installation & Services (1986)'s Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	488.672	/ (	(84.881	+	105.918)	/	2 )
=	488.672	/	95.3995
=	5.12

El-Mor Electric Installation & Services (1986)'s Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	173.723	/ (	(119.804	+	125.461)	/	2 )
=	173.723	/	122.6325
=	1.42

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) 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.

El-Mor Electric Installation & Services (1986) Receivables Turnover Related Terms

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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » El-Mor Electric Installation & Services (1986) Ltd (XTAE:ELMR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Hotzot Haytozer Street, Ashkelon, ISR

Website

http://www.el-mor.co.il

El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

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