Aradei Capital (CAS:ARD) Receivables Turnover : 1.88 (As of Dec. 2023)

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What is Aradei Capital 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. Aradei Capital's Revenue for the six months ended in Dec. 2023 was MAD287.9 Mil. Aradei Capital's average Accounts Receivable for the six months ended in Dec. 2023 was MAD152.8 Mil. Hence, Aradei Capital's Receivables Turnover for the six months ended in Dec. 2023 was 1.88.

Aradei Capital Receivables Turnover Historical Data

The historical data trend for Aradei Capital'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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Aradei Capital Receivables Turnover Chart

Aradei Capital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.12

1.97

3.38

3.78

4.14

Aradei Capital Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.78	1.80	1.83	1.94	1.88

Competitive Comparison of Aradei Capital's Receivables Turnover

For the Real Estate Services subindustry, Aradei Capital'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.

Aradei Capital's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Aradei Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aradei Capital's Receivables Turnover falls into.

Aradei Capital Receivables Turnover Calculation

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

Aradei Capital'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 )
=	583.182	/ (	(140.47	+	141.147)	/	2 )
=	583.182	/	140.8085
=	4.14

Aradei Capital'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	287.898	/ (	(164.545	+	141.147)	/	2 )
=	287.898	/	152.846
=	1.88

Aradei Capital (CAS:ARD) 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.

Aradei Capital Receivables Turnover Related Terms

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