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Esterad Investment Co BSC (BAH:ESTERAD) Receivables Turnover : 8.54 (As of Jun. 2024)


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What is Esterad Investment Co BSC 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. Esterad Investment Co BSC's Revenue for the three months ended in Jun. 2024 was BHD2.72 Mil. Esterad Investment Co BSC's average Accounts Receivable for the three months ended in Jun. 2024 was BHD0.32 Mil. Hence, Esterad Investment Co BSC's Receivables Turnover for the three months ended in Jun. 2024 was 8.54.


Esterad Investment Co BSC Receivables Turnover Historical Data

The historical data trend for Esterad Investment Co BSC'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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Esterad Investment Co BSC Receivables Turnover Chart

Esterad Investment Co BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.57 18.10 17.83 15.36

Esterad Investment Co BSC Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.22 6.53 5.22 4.74 8.54

Competitive Comparison of Esterad Investment Co BSC's Receivables Turnover

For the Asset Management subindustry, Esterad Investment Co BSC'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.


Esterad Investment Co BSC's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Esterad Investment Co BSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Esterad Investment Co BSC's Receivables Turnover falls into.



Esterad Investment Co BSC Receivables Turnover Calculation

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

Esterad Investment Co BSC'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 )
=3.432 / ((0.272 + 0.175) / 2 )
=3.432 / 0.2235
=15.36

Esterad Investment Co BSC's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=2.717 / ((0.46 + 0.176) / 2 )
=2.717 / 0.318
=8.54

* 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.


Esterad Investment Co BSC  (BAH:ESTERAD) 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.


Esterad Investment Co BSC Receivables Turnover Related Terms

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Esterad Investment Co BSC Business Description

Traded in Other Exchanges
N/A
Address
GBCORP Tower, 3rd Floor, P.O. Box 1080, Manama, BHR
Esterad Investment Co BSC is a Bahrain company operating in the financial sector. The principal activity of the company is to invest in public and private equities, fixed income, real estate, and other asset classes in both local and international markets. It owns four key portfolio investment models including a strategic equity portfolio, fixed income portfolio, properties & income-producing assets, and a trading portfolio. The company generates the majority of its revenue from Investment income.

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