Musharaka REIT (SAU:4335) Receivables Turnover : 0.98 (As of Jun. 2024)

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What is Musharaka REIT 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. Musharaka REIT's Revenue for the six months ended in Jun. 2024 was ﷼48.99 Mil. Musharaka REIT's average Accounts Receivable for the six months ended in Jun. 2024 was ﷼50.00 Mil. Hence, Musharaka REIT's Receivables Turnover for the six months ended in Jun. 2024 was 0.98.

Musharaka REIT Receivables Turnover Historical Data

The historical data trend for Musharaka REIT'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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Musharaka REIT Receivables Turnover Chart

Musharaka REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.23

3.70

2.23

2.65

2.35

Musharaka REIT Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial									1.24	1.42	1.32	1.07	0.98

Competitive Comparison of Musharaka REIT's Receivables Turnover

For the REIT - Diversified subindustry, Musharaka REIT'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.

Musharaka REIT's Receivables Turnover Distribution in the REITs Industry

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

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

Musharaka REIT Receivables Turnover Calculation

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

Musharaka REIT'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 )
=	95.518	/ (	(35.274	+	45.932)	/	2 )
=	95.518	/	40.603
=	2.35

Musharaka REIT'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 )
=	48.991	/ (	(45.932	+	54.074)	/	2 )
=	48.991	/	50.003
=	0.98

Musharaka REIT (SAU:4335) 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.

Musharaka REIT Receivables Turnover Related Terms

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Musharaka REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Musharaka REIT (SAU:4335) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Prince Turky Bin Abdulaziz Road, Adeer Tower, 13th floor, PO. Box 712, AlKhobar, SAU, 31952

Website

https://www.musharakacapital.com

Musharaka REIT is a closed-end real estate investment fund. Its investment objective is to invest in developing properties that are qualified to generate periodic rental income, while its dividend policy is to distribute at least 90% of the Fund's net profit as cash dividends to the unit holders annually. Its product and services include Asset Management, Investment banking, and Custody.

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