Amar Finance and Leasing Co KSCC (KUW:AMAR) Receivables Turnover : 2.61 (As of Dec. 2024)

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What is Amar Finance and Leasing Co KSCC 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. Amar Finance and Leasing Co KSCC's Revenue for the three months ended in Dec. 2024 was KWD0.24 Mil. Amar Finance and Leasing Co KSCC's average Accounts Receivable for the three months ended in Dec. 2024 was KWD0.09 Mil. Hence, Amar Finance and Leasing Co KSCC's Receivables Turnover for the three months ended in Dec. 2024 was 2.61.

Amar Finance and Leasing Co KSCC Receivables Turnover Historical Data

The historical data trend for Amar Finance and Leasing Co KSCC'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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Amar Finance and Leasing Co KSCC Receivables Turnover Chart

Amar Finance and Leasing Co KSCC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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14.82

12.49

9.45

13.36

14.88

Amar Finance and Leasing Co KSCC 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															3.21	2.90	2.50	2.02	2.61

Competitive Comparison of Amar Finance and Leasing Co KSCC's Receivables Turnover

For the Real Estate Services subindustry, Amar Finance and Leasing Co KSCC'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.

Amar Finance and Leasing Co KSCC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Amar Finance and Leasing Co KSCC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Amar Finance and Leasing Co KSCC's Receivables Turnover falls into.

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Amar Finance and Leasing Co KSCC Receivables Turnover Calculation

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

Amar Finance and Leasing Co KSCC'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 )
=	0.96	/ (	(0.047	+	0.082)	/	2 )
=	0.96	/	0.0645
=	14.88

Amar Finance and Leasing Co KSCC'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 )
=	0.243	/ (	(0.104	+	0.082)	/	2 )
=	0.243	/	0.093
=	2.61

Amar Finance and Leasing Co KSCC (KUW:AMAR) 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.

Amar Finance and Leasing Co KSCC Receivables Turnover Related Terms

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Amar Finance and Leasing Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Amar Finance and Leasing Co KSCC (KUW:AMAR) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Sharq Area, Ahmed Al-Jaber Street, Al-Bodoor Tower, P.O.Box: 28776, Safat, Kuwait City, KWT, 13148

Website

http://www.amarfinance.com

Amar Finance and Leasing Co KSCC is a Kuwait-based financial institution that is engaged in the provision of commercial and residential real-estate market, offering financial solutions to real-estate companies, as well as to real-estate investors and home buyers. Its offerings include finance, investment, consulting services. The company's various services include structured finance, investment placement, real estate project finance, real estate investment services, Amar real estate fund and real estate advisory services, structured finance, investment placement, real estate project finance, real estate investment services, Amar real estate fund and real estate advisory services.

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