TECOM Group PJSC (DFM:TECOM) Receivables Turnover : 5.17 (As of Mar. 2024)

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What is TECOM Group 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. TECOM Group PJSC's Revenue for the three months ended in Mar. 2024 was د.إ564 Mil. TECOM Group PJSC's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ109 Mil. Hence, TECOM Group PJSC's Receivables Turnover for the three months ended in Mar. 2024 was 5.17.

TECOM Group PJSC Receivables Turnover Historical Data

The historical data trend for TECOM Group 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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TECOM Group PJSC Receivables Turnover Chart

TECOM Group PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

21.98

13.00

9.05

11.19

17.17

TECOM Group PJSC Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									3.66	4.44	4.88	5.44	5.17

Competitive Comparison of TECOM Group PJSC's Receivables Turnover

For the Real Estate Services subindustry, TECOM Group 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.

TECOM Group PJSC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, TECOM Group PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TECOM Group PJSC's Receivables Turnover falls into.

TECOM Group PJSC Receivables Turnover Calculation

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

TECOM Group PJSC'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 )
=	2169.197	/ (	(150.515	+	102.159)	/	2 )
=	2169.197	/	126.337
=	17.17

TECOM Group PJSC'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 )
=	564.038	/ (	(102.159	+	116.009)	/	2 )
=	564.038	/	109.084
=	5.17

TECOM Group PJSC (DFM:TECOM) 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.

TECOM Group PJSC Receivables Turnover Related Terms

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TECOM Group PJSC (DFM:TECOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TECOM Group PJSC (DFM:TECOM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Commercial Building No. 1, Dubai Studio City , P.O. Box 66000, Dubai, ARE

Website

https://www.tecomgroup.ae

TECOM Group PJSC is a central player in Dubai's business hub proposition and is strongly positioned to benefit from the commercial real estate market and the sustained growth of its broader economy. It offers a range of properties and services to customers. The company divides its operations into four financial segments namely commercial leasing, industrial leasing, land leasing and services, and others.

TECOM Group PJSC (DFM:TECOM) Headlines

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