SYN Prop E Tech (BSP:SYNE3) Receivables Turnover : 1.78 (As of Dec. 2023)

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What is SYN Prop E Tech 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. SYN Prop E Tech's Revenue for the three months ended in Dec. 2023 was R$115.6 Mil. SYN Prop E Tech's average Accounts Receivable for the three months ended in Dec. 2023 was R$64.9 Mil. Hence, SYN Prop E Tech's Receivables Turnover for the three months ended in Dec. 2023 was 1.78.

SYN Prop E Tech Receivables Turnover Historical Data

The historical data trend for SYN Prop E Tech'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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SYN Prop E Tech Receivables Turnover Chart

SYN Prop E Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.04

5.95

25.94

5.86

6.06

SYN Prop E Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.44	1.49	1.71	1.73	1.78

Competitive Comparison of SYN Prop E Tech's Receivables Turnover

For the Real Estate - Diversified subindustry, SYN Prop E Tech'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.

SYN Prop E Tech's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SYN Prop E Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SYN Prop E Tech's Receivables Turnover falls into.

SYN Prop E Tech Receivables Turnover Calculation

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

SYN Prop E Tech'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 )
=	424.708	/ (	(72.594	+	67.681)	/	2 )
=	424.708	/	70.1375
=	6.06

SYN Prop E Tech's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	115.577	/ (	(62.089	+	67.681)	/	2 )
=	115.577	/	64.885
=	1.78

SYN Prop E Tech (BSP:SYNE3) 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.

SYN Prop E Tech Receivables Turnover Related Terms

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SYN Prop E Tech (BSP:SYNE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SYN Prop E Tech SA (BSP:SYNE3) » Definitions » Receivables Turnover

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SYYNY:USA

Address

Avenida Brigadeiro Faria Lima, 3600, 14th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132

Website

https://www.ccpsa.com.br

SYN Prop E Tech SA is involved in the real estate sector. It focuses on the development, trade, and management of commercial properties in Brazil. Its portfolio includes shopping centres and corporate buildings. Business is organized into three operating segments being Buildings, Shopping malls, Services and Others. Key revenue is earned from the Building division which is engaged in the sale and lease of commercial buildings. Shopping malls consists of the lease of stores in shopping malls. Services consists of services involving the management of shopping malls, development of properties and operation of parking lots. Other consists of the lease of other types of properties.

SYN Prop E Tech (BSP:SYNE3) Headlines

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