Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Receivables Turnover : 0.77 (As of Mar. 2024)

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What is Commercial Real Estate Co KSCC 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. Commercial Real Estate Co KSCC's Revenue for the three months ended in Mar. 2024 was KWD7.75 Mil. Commercial Real Estate Co KSCC's average Accounts Receivable for the three months ended in Mar. 2024 was KWD10.04 Mil. Hence, Commercial Real Estate Co KSCC's Receivables Turnover for the three months ended in Mar. 2024 was 0.77.

Commercial Real Estate Co KSCC Receivables Turnover Historical Data

The historical data trend for Commercial Real Estate Co KSCC'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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Commercial Real Estate Co KSCC Receivables Turnover Chart

Commercial Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.87

3.03

15.77

11.68

5.03

Commercial Real Estate Co KSCC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.73	1.14	0.88	0.85	0.77

Competitive Comparison of Commercial Real Estate Co KSCC's Receivables Turnover

For the Real Estate Services subindustry, Commercial Real Estate Co KSCC'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.

Commercial Real Estate Co KSCC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Commercial Real Estate Co KSCC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Commercial Real Estate Co KSCC's Receivables Turnover falls into.

Commercial Real Estate Co KSCC Receivables Turnover Calculation

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

Commercial Real Estate Co KSCC'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 )
=	30.605	/ (	(2.22	+	9.951)	/	2 )
=	30.605	/	6.0855
=	5.03

Commercial Real Estate Co KSCC'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 )
=	7.748	/ (	(9.951	+	10.119)	/	2 )
=	7.748	/	10.035
=	0.77

Commercial Real Estate Co KSCC (KUW:ALTIJARIA) 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.

Commercial Real Estate Co KSCC Receivables Turnover Related Terms

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Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Business Description

Industry

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Address

Al-Sharq Jaber Al Mubarak Street, Commercial Real Estate Building, P.O.Box 4119, Safat, Kuwait City, KWT, 13042

Website

https://www.altijaria.com

Commercial Real Estate Co KSCC is engaged in performing various real estate, agricultural, industrial, and commercial activities, carrying out contracting, road and building constructions, including the sale, purchase, and lease of land and real estate properties and construction of buildings. It operates through the Real estate, Hotel, and Investment business segment, of which the majority of its revenue comes from the real estate segment. Its geographical segments are the State of Kuwait, Gulf Countries, and Others.

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