Elsaeed Contracting& Real Estate Investment Co SCCD (CAI:UEGC) Receivables Turnover : 0.33 (As of Dec. 2023)

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What is Elsaeed Contracting& Real Estate Investment Co SCCD 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. Elsaeed Contracting& Real Estate Investment Co SCCD's Revenue for the three months ended in Dec. 2023 was E£634 Mil. Elsaeed Contracting& Real Estate Investment Co SCCD's average Accounts Receivable for the three months ended in Dec. 2023 was E£1,909 Mil. Hence, Elsaeed Contracting& Real Estate Investment Co SCCD's Receivables Turnover for the three months ended in Dec. 2023 was 0.33.

Elsaeed Contracting& Real Estate Investment Co SCCD Receivables Turnover Historical Data

The historical data trend for Elsaeed Contracting& Real Estate Investment Co SCCD'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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Elsaeed Contracting& Real Estate Investment Co SCCD Receivables Turnover Chart

Elsaeed Contracting& Real Estate Investment Co SCCD Annual Data

Trend

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Receivables Turnover

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Elsaeed Contracting& Real Estate Investment Co SCCD Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.45	-	0.33	0.40	0.33

Competitive Comparison of Elsaeed Contracting& Real Estate Investment Co SCCD's Receivables Turnover

For the Engineering & Construction subindustry, Elsaeed Contracting& Real Estate Investment Co SCCD'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.

Elsaeed Contracting& Real Estate Investment Co SCCD's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Elsaeed Contracting& Real Estate Investment Co SCCD's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Elsaeed Contracting& Real Estate Investment Co SCCD's Receivables Turnover falls into.

Elsaeed Contracting& Real Estate Investment Co SCCD Receivables Turnover Calculation

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

Elsaeed Contracting& Real Estate Investment Co SCCD'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 )
=	2690.518	/ (	(0	+	0)	/	1 )
=	2690.518	/	0
=	N/A

Elsaeed Contracting& Real Estate Investment Co SCCD'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 )
=	633.694	/ (	(1908.677	+	0)	/	1 )
=	633.694	/	1908.677
=	0.33

Elsaeed Contracting& Real Estate Investment Co SCCD (CAI:UEGC) 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.

Elsaeed Contracting& Real Estate Investment Co SCCD Receivables Turnover Related Terms

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Elsaeed Contracting& Real Estate Investment Co SCCD (CAI:UEGC) Business Description

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Address

26th July, 5 Avenue, Eleventh Floor, Po Box 89 - Bab El Louk, Cairo, EGY

Website

http://www.elsaeed-contracting.com

Elsaeed Contracting& Real Estate Investment Co SCCD constructs buildings. The company constructs low-and medium-income housing, drainage projects, government buildings, and schools.

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