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Riyad REIT Fund (SAU:4330) Receivables Turnover : 1.76 (As of Jun. 2024)


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What is Riyad REIT Fund 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. Riyad REIT Fund's Revenue for the six months ended in Jun. 2024 was ﷼132.5 Mil. Riyad REIT Fund's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼75.4 Mil. Hence, Riyad REIT Fund's Receivables Turnover for the six months ended in Jun. 2024 was 1.76.


Riyad REIT Fund Receivables Turnover Historical Data

The historical data trend for Riyad REIT Fund'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.

Riyad REIT Fund Receivables Turnover Chart

Riyad REIT Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 3.70 2.51 2.49 2.39 3.30

Riyad REIT Fund Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.95 1.20 1.48 1.76

Competitive Comparison of Riyad REIT Fund's Receivables Turnover

For the REIT - Hotel & Motel subindustry, Riyad REIT Fund'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.


Riyad REIT Fund's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Riyad REIT Fund's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Riyad REIT Fund's Receivables Turnover falls into.


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Riyad REIT Fund Receivables Turnover Calculation

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

Riyad REIT Fund'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 )
=257.983 / ((84.266 + 72.252) / 2 )
=257.983 / 78.259
=3.30

Riyad REIT Fund's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=132.518 / ((72.252 + 78.525) / 2 )
=132.518 / 75.3885
=1.76

* 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.


Riyad REIT Fund  (SAU:4330) 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.


Riyad REIT Fund Receivables Turnover Related Terms

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Riyad REIT Fund Business Description

Traded in Other Exchanges
N/A
Address
2414 - Al Shohda District, Unit No. 69, Riyadh, SAU, 13241- 7279
Riyad REIT Fund is a Shariah-compliant real estate investment income fund. It acquires, maintains, owns, and develops a portfolio of income-producing real estate assets. The primary investment objective of the REIT is to provide unitholders with current income by investing in income-producing real estate assets in Saudi Arabia.

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