Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) Receivables Turnover : 12.38 (As of Sep. 2024)

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What is Dar AL Thuraya Real Estate 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. Dar AL Thuraya Real Estate Co KSCC's Revenue for the three months ended in Sep. 2024 was KWD0.13 Mil. Dar AL Thuraya Real Estate Co KSCC's average Accounts Receivable for the three months ended in Sep. 2024 was KWD0.01 Mil. Hence, Dar AL Thuraya Real Estate Co KSCC's Receivables Turnover for the three months ended in Sep. 2024 was 12.38.

Dar AL Thuraya Real Estate Co KSCC Receivables Turnover Historical Data

The historical data trend for Dar AL Thuraya Real Estate 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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Dar AL Thuraya Real Estate Co KSCC Receivables Turnover Chart

Dar AL Thuraya Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.35

1.25

0.08

0.01

1.00

Dar AL Thuraya Real Estate Co KSCC 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															7.43	-	3.85	4.91	12.38

Competitive Comparison of Dar AL Thuraya Real Estate Co KSCC's Receivables Turnover

For the Real Estate Services subindustry, Dar AL Thuraya Real Estate 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.

Dar AL Thuraya Real Estate Co KSCC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dar AL Thuraya Real Estate Co KSCC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dar AL Thuraya Real Estate Co KSCC's Receivables Turnover falls into.

Dar AL Thuraya Real Estate Co KSCC Receivables Turnover Calculation

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

Dar AL Thuraya Real Estate Co KSCC'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 )
=	0.013	/ (	(0.003	+	0.023)	/	2 )
=	0.013	/	0.013
=	1.00

Dar AL Thuraya Real Estate Co KSCC'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 )
=	0.13	/ (	(0.012	+	0.009)	/	2 )
=	0.13	/	0.0105
=	12.38

Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) 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.

Dar AL Thuraya Real Estate Co KSCC Receivables Turnover Related Terms

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Dar AL Thuraya Real Estate Co KSCC Business Description

Industry

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Address

Fahad Al Salem Street, Al Salam Tower, Al Salhia, Kuwait, KWT

Website

https://www.daralthuraya.com

Dar AL Thuraya Real Estate Co KSCC operates in the real estate market. It provides real estate management and marketing services; property, project, and construction management services; and real estate consultancy services. The company has three business segments. The Real estate segment engages in buying, selling, capital appreciation, and investing in real estate. The investment segment comprises investments in subsidiaries, associates, and equity securities. Other segments include revenues and expenses that are not included in the above sectors. It generates maximum revenue from the real estate segment and geographically from Kuwait.

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