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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Receivables Turnover : 0.41 (As of Mar. 2024)


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What is Mitre Realty Empreendimentos E Participacoes 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. Mitre Realty Empreendimentos E Participacoes's Revenue for the three months ended in Mar. 2024 was R$245.6 Mil. Mitre Realty Empreendimentos E Participacoes's average Accounts Receivable for the three months ended in Mar. 2024 was R$597.6 Mil. Hence, Mitre Realty Empreendimentos E Participacoes's Receivables Turnover for the three months ended in Mar. 2024 was 0.41.


Mitre Realty Empreendimentos E Participacoes Receivables Turnover Historical Data

The historical data trend for Mitre Realty Empreendimentos E Participacoes'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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Mitre Realty Empreendimentos E Participacoes Receivables Turnover Chart

Mitre Realty Empreendimentos E Participacoes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 2.21 2.52 2.54 2.09 1.81

Mitre Realty Empreendimentos E Participacoes 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 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 0.39 0.32 0.45 0.45 0.41

Competitive Comparison of Mitre Realty Empreendimentos E Participacoes's Receivables Turnover

For the Real Estate - Development subindustry, Mitre Realty Empreendimentos E Participacoes'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.


Mitre Realty Empreendimentos E Participacoes's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitre Realty Empreendimentos E Participacoes's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitre Realty Empreendimentos E Participacoes's Receivables Turnover falls into.



Mitre Realty Empreendimentos E Participacoes Receivables Turnover Calculation

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

Mitre Realty Empreendimentos E Participacoes'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 )
=926.392 / ((423.814 + 599.084) / 2 )
=926.392 / 511.449
=1.81

Mitre Realty Empreendimentos E Participacoes'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 )
=245.573 / ((599.084 + 596.036) / 2 )
=245.573 / 597.56
=0.41

* 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.


Mitre Realty Empreendimentos E Participacoes  (BSP:MTRE3) 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.


Mitre Realty Empreendimentos E Participacoes Receivables Turnover Related Terms

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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Boa Vista 176, 1.subsolo, Sao Paulo, SP, BRA, 1013001
Mitre Realty Empreendimentos E Participacoes SA is a real estate developer and builder. The company builds residential and commercial real estate properties. Its property portfolio includes Haus Miter Perdizes, Roots Freguesia do O, Haus Miter Alto Butanta, Haus Miter Pinheiros, Roots Vila Prudente, Haus Miter Brooklin, Guilhermina Esperanca Roots, Haus Miter Butanta, Haus Miter Vl. Mariana, MaxMiter, Les Champs, Vila Matilde Roots, and Livepark.

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Headlines

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