Kuwait Telecommunications Co KSC (KUW:STC) Receivables Turnover : 1.38 (As of Sep. 2024)

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What is Kuwait Telecommunications 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. Kuwait Telecommunications Co KSC's Revenue for the three months ended in Sep. 2024 was KWD86.2 Mil. Kuwait Telecommunications Co KSC's average Accounts Receivable for the three months ended in Sep. 2024 was KWD62.6 Mil. Hence, Kuwait Telecommunications Co KSC's Receivables Turnover for the three months ended in Sep. 2024 was 1.38.

Kuwait Telecommunications Co KSC Receivables Turnover Historical Data

The historical data trend for Kuwait Telecommunications 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.

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Kuwait Telecommunications Co KSC Receivables Turnover Chart

Kuwait Telecommunications Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.35

8.84

9.62

8.44

6.75

Kuwait Telecommunications Co KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.40	1.56	1.53	1.44	1.38

Competitive Comparison of Kuwait Telecommunications Co KSC's Receivables Turnover

For the Telecom Services subindustry, Kuwait Telecommunications 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.

Kuwait Telecommunications Co KSC's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kuwait Telecommunications Co KSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kuwait Telecommunications Co KSC's Receivables Turnover falls into.

Kuwait Telecommunications Co KSC Receivables Turnover Calculation

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

Kuwait Telecommunications 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 )
=	351.372	/ (	(47.263	+	56.887)	/	2 )
=	351.372	/	52.075
=	6.75

Kuwait Telecommunications Co KSC's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	86.211	/ (	(64.884	+	60.315)	/	2 )
=	86.211	/	62.5995
=	1.38

Kuwait Telecommunications Co KSC (KUW:STC) 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.

Kuwait Telecommunications Co KSC Receivables Turnover Related Terms

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Kuwait Telecommunications Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kuwait Telecommunications Co KSC (KUW:STC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Khansa Street, P.O. Box. 181, Olympia Building, Salmiya, KWT, 22002

Website

https://www.stc.com.kw

Kuwait Telecommunications Co KSC is a telecommunication service provider. The company provides internet access using 4G LTE technology, and 5G technology. The principal activities of the company are to purchase, supply, install, operate, and maintain wireless telecommunication devices and equipment. The company offers numerous opportunities in the fields of telecommunications, entertainment, information, digital, and data transfer services.