Rani Zim Shopping Centers (XTAE:RANI) Receivables Turnover : 2.99 (As of Mar. 2024)

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What is Rani Zim Shopping Centers 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. Rani Zim Shopping Centers's Revenue for the three months ended in Mar. 2024 was ₪31.9 Mil. Rani Zim Shopping Centers's average Accounts Receivable for the three months ended in Mar. 2024 was ₪10.7 Mil. Hence, Rani Zim Shopping Centers's Receivables Turnover for the three months ended in Mar. 2024 was 2.99.

Rani Zim Shopping Centers Receivables Turnover Historical Data

The historical data trend for Rani Zim Shopping Centers'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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Rani Zim Shopping Centers Receivables Turnover Chart

Rani Zim Shopping Centers Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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28.73

19.68

16.48

6.19

6.01

Rani Zim Shopping Centers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.38	2.46	2.12	1.84	2.99

Competitive Comparison of Rani Zim Shopping Centers's Receivables Turnover

For the Real Estate - Diversified subindustry, Rani Zim Shopping Centers'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.

Rani Zim Shopping Centers's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rani Zim Shopping Centers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rani Zim Shopping Centers's Receivables Turnover falls into.

Rani Zim Shopping Centers Receivables Turnover Calculation

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

Rani Zim Shopping Centers'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 )
=	113.406	/ (	(25.635	+	12.116)	/	2 )
=	113.406	/	18.8755
=	6.01

Rani Zim Shopping Centers'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	31.896	/ (	(12.116	+	9.201)	/	2 )
=	31.896	/	10.6585
=	2.99

Rani Zim Shopping Centers (XTAE:RANI) 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.

Rani Zim Shopping Centers Receivables Turnover Related Terms

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Rani Zim Shopping Centers (XTAE:RANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rani Zim Shopping Centers Ltd (XTAE:RANI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Odem Holdings 11, Zim Centers, Rani Zim Group, Kiryat Matalon, Petah Tikva, ISR

Website

http://www.zimcenters.co.il

Rani Zim Shopping Centers Ltd is engaged in the development, construction and management of shopping centers. It operates in the commercial real estate sector through Zim Center and in the retail sector through Office Depot. Its properties include shopping centers in Arad, Netivot, Beit She'an, Ma'alot.