KAMCO Investment Company K.S.C.P (KUW:KAMCO) Receivables Turnover : 4.17 (As of Dec. 2023)

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What is KAMCO Investment Company K.S.C.P 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. KAMCO Investment Company K.S.C.P's Revenue for the three months ended in Dec. 2023 was KWD5.83 Mil. KAMCO Investment Company K.S.C.P's average Accounts Receivable for the three months ended in Dec. 2023 was KWD1.40 Mil. Hence, KAMCO Investment Company K.S.C.P's Receivables Turnover for the three months ended in Dec. 2023 was 4.17.

KAMCO Investment Company K.S.C.P Receivables Turnover Historical Data

The historical data trend for KAMCO Investment Company K.S.C.P'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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KAMCO Investment Company K.S.C.P Receivables Turnover Chart

KAMCO Investment Company K.S.C.P Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.74

10.68

14.04

12.35

10.90

KAMCO Investment Company K.S.C.P 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															4.26	2.19	3.02	2.90	4.17

Competitive Comparison of KAMCO Investment Company K.S.C.P's Receivables Turnover

For the Asset Management subindustry, KAMCO Investment Company K.S.C.P'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.

KAMCO Investment Company K.S.C.P's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, KAMCO Investment Company K.S.C.P's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KAMCO Investment Company K.S.C.P's Receivables Turnover falls into.

KAMCO Investment Company K.S.C.P Receivables Turnover Calculation

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

KAMCO Investment Company K.S.C.P'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 )
=	17.442	/ (	(1.798	+	1.403)	/	2 )
=	17.442	/	1.6005
=	10.90

KAMCO Investment Company K.S.C.P'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 )
=	5.83	/ (	(1.39	+	1.403)	/	2 )
=	5.83	/	1.3965
=	4.17

KAMCO Investment Company K.S.C.P (KUW:KAMCO) 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.

KAMCO Investment Company K.S.C.P Receivables Turnover Related Terms

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KAMCO Investment Company K.S.C.P (KUW:KAMCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » KAMCO Investment Company K.S.C.P (KUW:KAMCO) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Khalid Bin Waleed Street, Al-Shaheed Tower, P.O.Box 28873, Sharq, Safat, Kuwait City, KWT, 13149

Website

https://www.kamcoinvest.com

KAMCO Investment Company K.S.C.P is an investment banking company. Its activities include purchasing and investing in shares or bonds of the companies in real estate, industrial and agricultural sector, managing the funds of public and private institutions, a brokerage in lending and borrowing operations, provision of loans, dealing and trading in the foreign currency market, and undertaking operations related to securities trading such as purchase and sale of shares and bonds of companies. The company's segments include Investment banking and advisory, Asset management, Brokerage, and Strategic investments & corporate overheads. The company makes majority of its revenue from Asset management segment.

KAMCO Investment Company K.S.C.P (KUW:KAMCO) Headlines

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