DXB Entertainments PJSC (DFM:DXBE) Receivables Turnover : 0.68 (As of Mar. 2021)

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What is DXB Entertainments PJSC 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. DXB Entertainments PJSC's Revenue for the three months ended in Mar. 2021 was د.إ55.45 Mil. DXB Entertainments PJSC's average Accounts Receivable for the three months ended in Mar. 2021 was د.إ81.21 Mil. Hence, DXB Entertainments PJSC's Receivables Turnover for the three months ended in Mar. 2021 was 0.68.

DXB Entertainments PJSC Receivables Turnover Historical Data

The historical data trend for DXB Entertainments PJSC'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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DXB Entertainments PJSC Receivables Turnover Chart

DXB Entertainments PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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18.95

37.42

12.79

9.05

3.01

DXB Entertainments PJSC Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Receivables Turnover	Get a 7-Day Free Trial															2.02	0.14	0.03	0.50	0.68

Competitive Comparison of DXB Entertainments PJSC's Receivables Turnover

For the Leisure subindustry, DXB Entertainments PJSC'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.

DXB Entertainments PJSC's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DXB Entertainments PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DXB Entertainments PJSC's Receivables Turnover falls into.

DXB Entertainments PJSC Receivables Turnover Calculation

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

DXB Entertainments PJSC's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	144.389	/ (	(49.6	+	46.272)	/	2 )
=	144.389	/	47.936
=	3.01

DXB Entertainments PJSC's Receivables Turnover for the quarter that ended in Mar. 2021 is calculated as

	Receivables Turnover (Q: Mar. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Mar. 2021 ))	/	count )
=	55.451	/ (	(46.272	+	116.139)	/	2 )
=	55.451	/	81.2055
=	0.68

DXB Entertainments PJSC (DFM:DXBE) 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.

DXB Entertainments PJSC Receivables Turnover Related Terms

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DXB Entertainments PJSC (DFM:DXBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DXB Entertainments PJSC (DFM:DXBE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 33772, Opposite the Palm Jebel Ali, Exit 5, Saih Shuaib, Dubai, ARE

Website

http://www.dxbentertainments.com

DXB Entertainments PJSC is a leisure and entertainment company in Dubai. It owns the Dubai Parks and Resorts destination which consists of theme parks and water parks at the same location. Its brands include MotionGate Dubai, which is a Hollywood based theme park and the highest revenue source, Legoland Dubai and Waterpark, Bollywood Parks Dubai, Lapita, and Riverland Dubai.

DXB Entertainments PJSC (DFM:DXBE) Headlines

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