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NMDC Group PJSC (ADX:NMDC) Receivables Turnover : 0.82 (As of Dec. 2024)


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What is NMDC 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. NMDC Group PJSC's Revenue for the three months ended in Dec. 2024 was د.إ7,746 Mil. NMDC Group PJSC's average Accounts Receivable for the three months ended in Dec. 2024 was د.إ9,432 Mil. Hence, NMDC Group PJSC's Receivables Turnover for the three months ended in Dec. 2024 was 0.82.


NMDC Group PJSC Receivables Turnover Historical Data

The historical data trend for NMDC 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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NMDC Group PJSC Receivables Turnover Chart

NMDC Group PJSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.40 4.66 4.26 5.35 4.00

NMDC Group PJSC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.17 1.59 1.23 0.79 0.82

Competitive Comparison of NMDC Group PJSC's Receivables Turnover

For the Engineering & Construction subindustry, NMDC 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.


NMDC Group PJSC's Receivables Turnover Distribution in the Construction Industry

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

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


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NMDC Group PJSC Receivables Turnover Calculation

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

NMDC Group PJSC's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=26263.949 / ((3032.09 + 10103.27) / 2 )
=26263.949 / 6567.68
=4.00

NMDC Group PJSC's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=7745.915 / ((8760.756 + 10103.27) / 2 )
=7745.915 / 9432.013
=0.82

* 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.


NMDC Group PJSC  (ADX:NMDC) 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.


NMDC Group PJSC Receivables Turnover Related Terms

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NMDC Group PJSC Business Description

Traded in Other Exchanges
N/A
Address
Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE
NMDC Group PJSC operates as an integrated energy and marine services, engineering, procurement, and construction (EPC) organization. The group consists of four business units: NMDC Dredging & Marine, NMDC Energy, NMDC Engineering, and NMDC Construction.

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