we have a revision group at work and I have been tasked to assess the liquidity of a real financial statement. I am trying to calculate receivables turnover for Damac Real Estate Limited based on their 2017 annual financial statement (found here - https://content.damacproperties.com/en/investor-relations/financial-information/damac-real-estate-development-limited/financial-statements)
The financial statement lists Revenue, but does not discern credit sales or cash sales. They follow the percent of completion means of recognising revenue as well. I need to calculate credit sales to get receivables turnover. i have looked at footnote 10 regarding trading receivables but it does not give an indication as to new trade receivables. Am i missing something here, or just being very silly (or both!)? I know I can use total revenue in the numerator but it is preferred to use credit sales.
If anyone could please help me figure out credit sales for the year i would be most appreciative!