Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Black Sea PropertyAQSE:BSP Receivables Turnover is 1.52 as of Dec. 2025. The stock has 8 warning signs investors should review. Among 1,667 Real Estate companies, Black Sea Property ranks worse than 82.9% on this metric.
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. Black Sea Property's Revenue for the
six
months ended in Dec. 2025 was €4.53 Mil. Black Sea Property's average Accounts Receivable for the
six
months ended in Dec. 2025 was €2.99 Mil.
Hence, Black Sea Property's Receivables Turnover for the
six
months ended in Dec. 2025 was 1.52.
Black Sea Property (AQSE:BSP) 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.
Black Sea Property Receivables Turnover Related Terms
Black Sea Property Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Black Sea Property'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.
AQSE:BSP vs CBRE, BEKE, JLL: Receivables Turnover Comparison
For the Real Estate Services subindustry, Black Sea Property'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.
Black Sea Property Receivables Turnover vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Black Sea Property's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Black Sea Property's Receivables Turnover falls into.
* 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.
Black Sea Property (AQSE:BSP) has a Receivables Turnover of 1.52 as of Dec. 2025. The accounts 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. View historical data on Black Sea Property and its competitors. According to the industry distribution chart, Black Sea Property ranks #1382 out of 1667 companies in the Real Estate industry, placing it in the top 82.9%.
Is Black Sea Property's Receivables Turnover too high?
Black Sea Property's current Receivables Turnover is 1.52. The Real Estate industry median Receivables Turnover is 10.56. Black Sea Property's value of 1.52 is 85.6% below this industry median. Based on the distribution chart, Black Sea Property ranks #1382 out of 1667 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Black Sea Property's Receivables Turnover compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Black Sea Property ranks #1382 out of 1667 companies for Receivables Turnover. This places Black Sea Property in the lower half of its industry. The industry median Receivables Turnover is 10.56. Black Sea Property's value of 1.52 is 85.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.56, based on 1,667 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Sea Property's current Receivables Turnover of 1.52 is 85.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Black Sea Property and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sea Property's current Receivables Turnover is 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sea Property stock overvalued right now?
Based on GuruFocus' analysis, Black Sea Property (AQSE:BSP) is currently considered Fairly Valued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading right at its estimated fair value. The current Receivables Turnover is 1.52 and 85.6% below the Real Estate industry median of 10.56. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Black Sea Property (AQSE:BSP), the current Receivables Turnover is 1.52 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AQSE:BSP has been successfully added to your 
