Al Enmaa Real Estate Co (KUW:ERESCO) Receivables Turnover : 0.42 (As of Apr. 2024)

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What is Al Enmaa Real Estate Co 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. Al Enmaa Real Estate Co's Revenue for the three months ended in Apr. 2024 was KWD2.72 Mil. Al Enmaa Real Estate Co's average Accounts Receivable for the three months ended in Apr. 2024 was KWD6.54 Mil. Hence, Al Enmaa Real Estate Co's Receivables Turnover for the three months ended in Apr. 2024 was 0.42.

Al Enmaa Real Estate Co Receivables Turnover Historical Data

The historical data trend for Al Enmaa Real Estate Co'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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Al Enmaa Real Estate Co Receivables Turnover Chart

Al Enmaa Real Estate Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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3.35

2.16

2.43

2.67

2.94

Al Enmaa Real Estate Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Receivables Turnover	Get a 7-Day Free Trial															0.29	0.29	0.42	0.35	0.42

Competitive Comparison of Al Enmaa Real Estate Co's Receivables Turnover

For the Real Estate Services subindustry, Al Enmaa Real Estate Co'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.

Al Enmaa Real Estate Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al Enmaa Real Estate Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Al Enmaa Real Estate Co's Receivables Turnover falls into.

Al Enmaa Real Estate Co Receivables Turnover Calculation

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

Al Enmaa Real Estate Co's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	8.099	/ (	(3.058	+	2.45)	/	2 )
=	8.099	/	2.754
=	2.94

Al Enmaa Real Estate Co's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

	Receivables Turnover (Q: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2024 )	/ (	(Accounts Receivable (Q: Jan. 2024 )	+	Accounts Receivable (Q: Apr. 2024 ))	/	count )
=	2.722	/ (	(6.128	+	6.942)	/	2 )
=	2.722	/	6.535
=	0.42

Al Enmaa Real Estate Co (KUW:ERESCO) 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.

Al Enmaa Real Estate Co Receivables Turnover Related Terms

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Al Enmaa Real Estate Co (KUW:ERESCO) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Al-Enmaa Tower, Abdullah Al-Mubarak Street, P.O. Box 24544, 1st, 2nd and Mezzanine Floors, Opposite Scientific Museum, Mirqab, Kuwait, KWT, 13160

Website

https://www.enmaa.com

Al Enmaa Real Estate Co is a real estate development and investment company. It is organized into the following operating segments namely Construction, Services Rendered, Real Estate, and Investments. The Services Rendered segment undertakes contracts to construct buildings and maintenance of mechanical and electrical spare parts and building materials. It generates maximum revenue from the Services Rendered segment.

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