Investcorp Capital (ADX:ICAP) Receivables Turnover : 1.36 (As of Jun. 2023)

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What is Investcorp Capital 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. Investcorp Capital's Revenue for the six months ended in Jun. 2023 was د.إ429.7 Mil. Investcorp Capital's average Accounts Receivable for the six months ended in Jun. 2023 was د.إ315.9 Mil. Hence, Investcorp Capital's Receivables Turnover for the six months ended in Jun. 2023 was 1.36.

Investcorp Capital Receivables Turnover Historical Data

The historical data trend for Investcorp Capital'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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Investcorp Capital Receivables Turnover Chart

Investcorp Capital Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

0.79

0.75

1.36

Investcorp Capital Semi-Annual Data
	Jun21	Jun22	Jun23
Receivables Turnover	0.79	0.75	1.36

Competitive Comparison of Investcorp Capital's Receivables Turnover

For the Asset Management subindustry, Investcorp Capital'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.

Investcorp Capital's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Investcorp Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Investcorp Capital's Receivables Turnover falls into.

Investcorp Capital Receivables Turnover Calculation

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

Investcorp Capital's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	429.741	/ (	(330.57	+	301.186)	/	2 )
=	429.741	/	315.878
=	1.36

Investcorp Capital's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	429.741	/ (	(330.57	+	301.186)	/	2 )
=	429.741	/	315.878
=	1.36

Investcorp Capital (ADX:ICAP) 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.

Investcorp Capital Receivables Turnover Related Terms

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Investcorp Capital (ADX:ICAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Investcorp Capital Plc (ADX:ICAP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Sila Tower 8th Floor, P.O. Box 36961, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.investcorp.com

Investcorp Capital Plc is a company whose main purpose is providing of capital and capital financing services in the alternative investments industry.