Lighthouse Properties (JSE:LTE) Receivables Turnover : 2.87 (As of Dec. 2023)

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What is Lighthouse Properties 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. Lighthouse Properties's Revenue for the six months ended in Dec. 2023 was R917 Mil. Lighthouse Properties's average Accounts Receivable for the six months ended in Dec. 2023 was R319 Mil. Hence, Lighthouse Properties's Receivables Turnover for the six months ended in Dec. 2023 was 2.87.

Lighthouse Properties Receivables Turnover Historical Data

The historical data trend for Lighthouse Properties'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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Lighthouse Properties Receivables Turnover Chart

Lighthouse Properties Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Dec21

Dec22

Dec23

Receivables Turnover

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10.38

11.47

7.26

7.63

8.13

Lighthouse Properties Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												3.61	2.93	3.10	2.56	2.87

Competitive Comparison of Lighthouse Properties's Receivables Turnover

For the Real Estate Services subindustry, Lighthouse Properties'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.

Lighthouse Properties's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Lighthouse Properties's Receivables Turnover falls into.

Lighthouse Properties Receivables Turnover Calculation

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

Lighthouse Properties'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 )
=	1769.344	/ (	(230.315	+	204.819)	/	2 )
=	1769.344	/	217.567
=	8.13

Lighthouse Properties'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 )
=	916.949	/ (	(434.055	+	204.819)	/	2 )
=	916.949	/	319.437
=	2.87

Lighthouse Properties (JSE:LTE) 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.

Lighthouse Properties Receivables Turnover Related Terms

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Lighthouse Properties (JSE:LTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lighthouse Properties PLC (JSE:LTE) » Definitions » Receivables Turnover

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87O:Germany

Address

IL-Piazzetta, Tower Road, 4th Floor, Office 41, Block A, Sliema, MLT, SLM 1605

Website

https://www.lighthouse.mt

Lighthouse Properties PLC is engaged in investing in direct property and infrastructure assets as well as in listed real estate and infrastructure securities. The firm operates in three segments: Listed infrastructure, Listed real estate, and Direct property out of which the Direct property segment accounts for the majority of revenue.

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