Noratis AG (HAM:NUVA) Receivables Turnover : 21.84 (As of Jun. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Noratis AG 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. Noratis AG's Revenue for the six months ended in Jun. 2023 was €33.48 Mil. Noratis AG's average Accounts Receivable for the six months ended in Jun. 2023 was €1.53 Mil. Hence, Noratis AG's Receivables Turnover for the six months ended in Jun. 2023 was 21.84.

Noratis AG Receivables Turnover Historical Data

The historical data trend for Noratis AG'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.

* Premium members only.

Noratis AG Receivables Turnover Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

4.36

4.77

6.21

62.21

64.04

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial											57.64	15.29	56.91	12.36	21.84

Competitive Comparison of Noratis AG's Receivables Turnover

For the Real Estate - Development subindustry, Noratis AG'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.

Noratis AG's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Noratis AG's Receivables Turnover falls into.

Noratis AG Receivables Turnover Calculation

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

Noratis AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	86.101	/ (	(1.086	+	1.603)	/	2 )
=	86.101	/	1.3445
=	64.04

Noratis AG's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	33.479	/ (	(1.603	+	1.463)	/	2 )
=	33.479	/	1.533
=	21.84

Noratis AG (HAM:NUVA) 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.

Noratis AG Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Noratis AG's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Noratis AG (HAM:NUVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Noratis AG (HAM:NUVA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.