Precinct Properties NZ & Precinct Properties Investments (Precinct Properties NZ & Precinct Properties Investments) Receivables Turnover : 3.38 (As of Dec. 2023)

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What is Precinct Properties NZ & Precinct Properties Investments 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. Precinct Properties NZ & Precinct Properties Investments's Revenue for the six months ended in Dec. 2023 was $72.7 Mil. Precinct Properties NZ & Precinct Properties Investments's average Accounts Receivable for the six months ended in Dec. 2023 was $21.5 Mil. Hence, Precinct Properties NZ & Precinct Properties Investments's Receivables Turnover for the six months ended in Dec. 2023 was 3.38.

Precinct Properties NZ & Precinct Properties Investments Receivables Turnover Historical Data

The historical data trend for Precinct Properties NZ & Precinct Properties Investments'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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Precinct Properties NZ & Precinct Properties Investments Receivables Turnover Chart

Precinct Properties NZ & Precinct Properties Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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8.68

7.53

8.47

6.48

6.12

Precinct Properties NZ & Precinct Properties Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.27	4.02	5.47	2.69	3.38

Competitive Comparison of Precinct Properties NZ & Precinct Properties Investments's Receivables Turnover

For the REIT - Diversified subindustry, Precinct Properties NZ & Precinct Properties Investments'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.

Precinct Properties NZ & Precinct Properties Investments's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Precinct Properties NZ & Precinct Properties Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Precinct Properties NZ & Precinct Properties Investments's Receivables Turnover falls into.

Precinct Properties NZ & Precinct Properties Investments Receivables Turnover Calculation

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

Precinct Properties NZ & Precinct Properties Investments's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	111.656	/ (	(14.676	+	21.84)	/	2 )
=	111.656	/	18.258
=	6.12

Precinct Properties NZ & Precinct Properties Investments'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 )
=	72.744	/ (	(21.84	+	21.157)	/	2 )
=	72.744	/	21.4985
=	3.38

Precinct Properties NZ & Precinct Properties Investments (OTCPK:AOTUF) 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.

Precinct Properties NZ & Precinct Properties Investments Receivables Turnover Related Terms

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Precinct Properties NZ & Precinct Properties Investments (Precinct Properties NZ & Precinct Properties Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Precinct Properties NZ Ltd & Precinct Properties Investments Ltd (OTCPK:AOTUF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

PCT:New Zealand

Address

188 Quay Street, Level 12, Auckland, NZL, 1010

Website

https://www.precinct.co.nz

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd invests predominantly in prime office properties in the central business districts of New Zealand. The company's operating segment includes Investment properties, Hospitality, and Flexible space. It generates maximum revenue from the Investment properties segment. Some of its properties include ANZ Centre; 10 Madden Street; Mason Brothers; PwC Tower at Commercial Bay and others.