Gulf General Investments Co PSC (DFM:GGICO) Receivables Turnover : 0.28 (As of Mar. 2023)

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What is Gulf General Investments Co PSC 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. Gulf General Investments Co PSC's Revenue for the three months ended in Mar. 2023 was د.إ128.3 Mil. Gulf General Investments Co PSC's average Accounts Receivable for the three months ended in Mar. 2023 was د.إ451.0 Mil. Hence, Gulf General Investments Co PSC's Receivables Turnover for the three months ended in Mar. 2023 was 0.28.

Gulf General Investments Co PSC Receivables Turnover Historical Data

The historical data trend for Gulf General Investments Co PSC'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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Gulf General Investments Co PSC Receivables Turnover Chart

Gulf General Investments Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.20

1.48

0.93

0.86

0.88

Gulf General Investments Co PSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															0.22	0.14	0.20	0.22	0.28

Competitive Comparison of Gulf General Investments Co PSC's Receivables Turnover

For the Conglomerates subindustry, Gulf General Investments Co PSC'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.

Gulf General Investments Co PSC's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Gulf General Investments Co PSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gulf General Investments Co PSC's Receivables Turnover falls into.

Gulf General Investments Co PSC Receivables Turnover Calculation

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

Gulf General Investments Co PSC's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	419.33	/ (	(530.408	+	420.238)	/	2 )
=	419.33	/	475.323
=	0.88

Gulf General Investments Co PSC's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	128.284	/ (	(420.238	+	481.794)	/	2 )
=	128.284	/	451.016
=	0.28

Gulf General Investments Co PSC (DFM:GGICO) 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.

Gulf General Investments Co PSC Receivables Turnover Related Terms

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Gulf General Investments Co PSC (DFM:GGICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Gulf General Investments Co PSC (DFM:GGICO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE

Website

https://www.ggicouae.com

Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

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