Parkin Co (DFM:PARKIN) Receivables Turnover : 1.06 (As of Mar. 2024)

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What is Parkin Co 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. Parkin Co's Revenue for the three months ended in Mar. 2024 was د.إ215.3 Mil. Parkin Co's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ202.5 Mil. Hence, Parkin Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.06.

Parkin Co Receivables Turnover Historical Data

The historical data trend for Parkin Co'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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Parkin Co Receivables Turnover Chart

Parkin Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.25

2.86

3.95

Parkin Co Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Receivables Turnover	-	-	0.91	-	1.06

Competitive Comparison of Parkin Co's Receivables Turnover

For the Infrastructure Operations subindustry, Parkin Co'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.

Parkin Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Parkin Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Parkin Co's Receivables Turnover falls into.

Parkin Co Receivables Turnover Calculation

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

Parkin Co'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 )
=	779.379	/ (	(218.414	+	176.349)	/	2 )
=	779.379	/	197.3815
=	3.95

Parkin Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	215.277	/ (	(176.349	+	228.718)	/	2 )
=	215.277	/	202.5335
=	1.06

Parkin Co (DFM:PARKIN) 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.

Parkin Co Receivables Turnover Related Terms

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Parkin Co (DFM:PARKIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE

Website

https://www.parkin.ae

Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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