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Aluminium of Egypt (CAI:EGAL) Receivables Turnover : 3.42 (As of Sep. 2024)


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What is Aluminium of Egypt 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. Aluminium of Egypt's Revenue for the three months ended in Sep. 2024 was E£11,334 Mil. Aluminium of Egypt's average Accounts Receivable for the three months ended in Sep. 2024 was E£3,311 Mil. Hence, Aluminium of Egypt's Receivables Turnover for the three months ended in Sep. 2024 was 3.42.


Aluminium of Egypt Receivables Turnover Historical Data

The historical data trend for Aluminium of Egypt'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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Aluminium of Egypt Receivables Turnover Chart

Aluminium of Egypt Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.99 30.97 - 13.38 13.28

Aluminium of Egypt Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
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 3.77 3.10 - 3.45 3.42

Competitive Comparison of Aluminium of Egypt's Receivables Turnover

For the Aluminum subindustry, Aluminium of Egypt'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.


Aluminium of Egypt's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminium of Egypt's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aluminium of Egypt's Receivables Turnover falls into.


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Aluminium of Egypt Receivables Turnover Calculation

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

Aluminium of Egypt's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=32815.675 / ((1936.953 + 3004.515) / 2 )
=32815.675 / 2470.734
=13.28

Aluminium of Egypt's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=11334.385 / ((3004.515 + 3618.272) / 2 )
=11334.385 / 3311.3935
=3.42

* 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.


Aluminium of Egypt  (CAI:EGAL) 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.


Aluminium of Egypt Receivables Turnover Related Terms

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Aluminium of Egypt Business Description

Traded in Other Exchanges
N/A
Address
48-50 Abdel Khalek Sarwat Street, Cairo, EGY
Aluminium of Egypt SA is an Egypt-based company engaged in the production and sale of aluminum products and by-products. Egyptalum's products include ingots, slabs, sheets, billets, plates, wires and anode blocks.

Aluminium of Egypt Headlines

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