Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Receivables Turnover : 1.20 (As of Mar. 2024)

View and export this data going back to 1984. Start your Free Trial

What is Heavy Engineering Industries and Shipbuilding Co KSC 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. Heavy Engineering Industries and Shipbuilding Co KSC's Revenue for the three months ended in Mar. 2024 was KWD35.3 Mil. Heavy Engineering Industries and Shipbuilding Co KSC's average Accounts Receivable for the three months ended in Mar. 2024 was KWD29.3 Mil. Hence, Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover for the three months ended in Mar. 2024 was 1.20.

Heavy Engineering Industries and Shipbuilding Co KSC Receivables Turnover Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC'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.

* Premium members only.

Heavy Engineering Industries and Shipbuilding Co KSC Receivables Turnover Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.67

2.92

3.58

3.77

4.46

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.89	1.00	1.23	1.31	1.20

Competitive Comparison of Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover

For the Engineering & Construction subindustry, Heavy Engineering Industries and Shipbuilding Co KSC'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.

Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover falls into.

Heavy Engineering Industries and Shipbuilding Co KSC Receivables Turnover Calculation

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

Heavy Engineering Industries and Shipbuilding Co KSC'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 )
=	146.878	/ (	(37.822	+	27.987)	/	2 )
=	146.878	/	32.9045
=	4.46

Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	35.253	/ (	(27.987	+	30.57)	/	2 )
=	35.253	/	29.2785
=	1.20

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) 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.

Heavy Engineering Industries and Shipbuilding Co KSC Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Heavy Engineering Industries and Shipbuilding Co KSC's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.