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EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Receivables Turnover : 1.35 (As of Jun. 2024)


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What is EMSTEEL Building Materials 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. EMSTEEL Building Materials PJSC's Revenue for the three months ended in Jun. 2024 was د.إ1,821 Mil. EMSTEEL Building Materials PJSC's average Accounts Receivable for the three months ended in Jun. 2024 was د.إ1,349 Mil. Hence, EMSTEEL Building Materials PJSC's Receivables Turnover for the three months ended in Jun. 2024 was 1.35.


EMSTEEL Building Materials PJSC Receivables Turnover Historical Data

The historical data trend for EMSTEEL Building Materials 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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EMSTEEL Building Materials PJSC Receivables Turnover Chart

EMSTEEL Building Materials PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 1.93 3.85 7.32 6.21

EMSTEEL Building Materials PJSC Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 1.33 1.61 1.50 1.35

Competitive Comparison of EMSTEEL Building Materials PJSC's Receivables Turnover

For the Steel subindustry, EMSTEEL Building Materials 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.


EMSTEEL Building Materials PJSC's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, EMSTEEL Building Materials PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where EMSTEEL Building Materials PJSC's Receivables Turnover falls into.



EMSTEEL Building Materials PJSC Receivables Turnover Calculation

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

EMSTEEL Building Materials 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 )
=8899.393 / ((1403.757 + 1464.238) / 2 )
=8899.393 / 1433.9975
=6.21

EMSTEEL Building Materials PJSC's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=1820.55 / ((1389.916 + 1308.86) / 2 )
=1820.55 / 1349.388
=1.35

* 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.


EMSTEEL Building Materials PJSC  (ADX:EMSTEEL) 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.


EMSTEEL Building Materials PJSC Receivables Turnover Related Terms

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EMSTEEL Building Materials PJSC Business Description

Traded in Other Exchanges
N/A
Address
Abu Dhabi Industrial City (ICAD), PO Box: 9022, Musaffah, Abu Dhabi, ARE
EMSTEEL Building Materials PJSC is a steel and building materials manufacturer. The Group incorporates the latest innovative technologies in manufacturing, efficiency and sustainability, to deliver the high-quality products, services and solutions that clients need for their business to thrive today and tomorrow. It produces home-grown high-quality steel products that are shipped and used across the world and delivered into major global markets, for the construction, engineering and energy sectors. Additionally, the Group produces premium cement, blocks, pipes, and dry mortar, creating a one-stop shop for the manufacturing and construction sectors.

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