Inquiry Regarding the Calculation Method of Accounts Receivable Turnover Ratio for Damac Real Estate
A financial analyst attempted to calculate the accounts receivable turnover ratio based on the 2017 financial statements of Damac Real Estate Development Co., Ltd., but the statements only listed total revenue without distinguishing between credit sales and cash sales, and Note 10 did not provide information on new trade receivables. Therefore, the analyst sought help from the community on how to obtain annual credit sales.
Dear colleagues:
I am attempting to calculate the accounts receivable turnover ratio for Damac Real Estate Limited based on its 2017 annual financial statements. The official link to the statements is:https://content.damacproperties.com/en/investor-relations/financial-information/damac-real-estate-development-limited/financial-statements。
The financial statements present revenue, but do not distinguish between credit sales and cash sales. To calculate the accounts receivable turnover ratio, I need credit sales data. I have reviewed Note 10 (regarding trade receivables), but that note does not provide explicit information on new trade receivables. Am I missing some key content, or is my understanding incorrect (or both)?
I would be grateful if someone could assist me in determining the company's credit sales for this year.