ESG Emirates Stallions Group PJSC (ADX:ESG) Receivables Turnover : 0.62 (As of Dec. 2023)

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What is ESG Emirates Stallions Group 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. ESG Emirates Stallions Group PJSC's Revenue for the three months ended in Dec. 2023 was د.إ209.1 Mil. ESG Emirates Stallions Group PJSC's average Accounts Receivable for the three months ended in Dec. 2023 was د.إ339.1 Mil. Hence, ESG Emirates Stallions Group PJSC's Receivables Turnover for the three months ended in Dec. 2023 was 0.62.

ESG Emirates Stallions Group PJSC Receivables Turnover Historical Data

The historical data trend for ESG Emirates Stallions Group 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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ESG Emirates Stallions Group PJSC Receivables Turnover Chart

ESG Emirates Stallions Group PJSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.62

3.10

1.66

2.03

ESG Emirates Stallions Group PJSC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							0.32	0.48	0.35	0.45	0.62

Competitive Comparison of ESG Emirates Stallions Group PJSC's Receivables Turnover

For the Engineering & Construction subindustry, ESG Emirates Stallions Group 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.

ESG Emirates Stallions Group PJSC's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, ESG Emirates Stallions Group PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ESG Emirates Stallions Group PJSC's Receivables Turnover falls into.

ESG Emirates Stallions Group PJSC Receivables Turnover Calculation

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

ESG Emirates Stallions Group 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 )
=	609.355	/ (	(252.345	+	346.799)	/	2 )
=	609.355	/	299.572
=	2.03

ESG Emirates Stallions Group PJSC's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	209.137	/ (	(331.488	+	346.799)	/	2 )
=	209.137	/	339.1435
=	0.62

ESG Emirates Stallions Group PJSC (ADX:ESG) 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.

ESG Emirates Stallions Group PJSC Receivables Turnover Related Terms

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ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE

Website

https://www.esguae.com

ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.