Vukile Property Fund (JSE:VKE) Receivables Turnover : 8.50 (As of Mar. 2024)

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What is Vukile Property Fund 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. Vukile Property Fund's Revenue for the six months ended in Mar. 2024 was R1,980 Mil. Vukile Property Fund's average Accounts Receivable for the six months ended in Mar. 2024 was R233 Mil. Hence, Vukile Property Fund's Receivables Turnover for the six months ended in Mar. 2024 was 8.50.

Vukile Property Fund Receivables Turnover Historical Data

The historical data trend for Vukile Property Fund'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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Vukile Property Fund Receivables Turnover Chart

Vukile Property Fund Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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27.46

20.13

19.69

21.87

23.29

Vukile Property Fund Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.42	7.01	7.01	8.90	8.50

Competitive Comparison of Vukile Property Fund's Receivables Turnover

For the REIT - Retail subindustry, Vukile Property Fund'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.

Vukile Property Fund's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vukile Property Fund's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vukile Property Fund's Receivables Turnover falls into.

Vukile Property Fund Receivables Turnover Calculation

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

Vukile Property Fund's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	3983	/ (	(163	+	179)	/	2 )
=	3983	/	171
=	23.29

Vukile Property Fund'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1980	/ (	(287	+	179)	/	2 )
=	1980	/	233
=	8.50

Vukile Property Fund (JSE:VKE) 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.

Vukile Property Fund Receivables Turnover Related Terms

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Vukile Property Fund (JSE:VKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vukile Property Fund Ltd (JSE:VKE) » Definitions » Receivables Turnover

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VKN:Namibia

Address

11 9th Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.vukile.co.za

Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue primarily from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also significant portfolio constituents. The majority of the company's tenants are large, listed national companies and major franchises, with the remainder comprising government and midsize to large professional firms.

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