Goodman Group (ASX:GMG) Receivables Turnover : 5.91 (As of Dec. 2023)

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What is Goodman Group 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. Goodman Group's Revenue for the six months ended in Dec. 2023 was A$532 Mil. Goodman Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$90 Mil. Hence, Goodman Group's Receivables Turnover for the six months ended in Dec. 2023 was 5.91.

Goodman Group Receivables Turnover Historical Data

The historical data trend for Goodman Group'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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Goodman Group Receivables Turnover Chart

Goodman Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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50.62

111.37

116.00

169.21

135.24

Goodman Group 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															6.21	6.76	6.99	6.37	5.91

Competitive Comparison of Goodman Group's Receivables Turnover

For the Real Estate - Diversified subindustry, Goodman Group'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.

Goodman Group's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Goodman Group's Receivables Turnover falls into.

Goodman Group Receivables Turnover Calculation

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

Goodman Group'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 )
=	1940.7	/ (	(7.8	+	20.9)	/	2 )
=	1940.7	/	14.35
=	135.24

Goodman Group'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 )
=	531.5	/ (	(20.9	+	159.1)	/	2 )
=	531.5	/	90
=	5.91

Goodman Group (ASX:GMG) 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.

Goodman Group Receivables Turnover Related Terms

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Goodman Group (ASX:GMG) Business Description

Industry

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GMGSF:USA

Address

1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

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