RAM Essential Services Property Fund (ASX:REP) Receivables Turnover : 5.50 (As of Dec. 2023)

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What is RAM Essential Services 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. RAM Essential Services Property Fund's Revenue for the six months ended in Dec. 2023 was A$27.04 Mil. RAM Essential Services Property Fund's average Accounts Receivable for the six months ended in Dec. 2023 was A$4.92 Mil. Hence, RAM Essential Services Property Fund's Receivables Turnover for the six months ended in Dec. 2023 was 5.50.

RAM Essential Services Property Fund Receivables Turnover Historical Data

The historical data trend for RAM Essential Services 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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RAM Essential Services Property Fund Receivables Turnover Chart

RAM Essential Services Property Fund Annual Data

Trend

Jun22

Jun23

Receivables Turnover

15.42

11.19

RAM Essential Services Property Fund Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	3.19	9.83	12.14	4.74	5.50

Competitive Comparison of RAM Essential Services Property Fund's Receivables Turnover

For the Asset Management subindustry, RAM Essential Services 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.

RAM Essential Services Property Fund's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RAM Essential Services Property Fund's Receivables Turnover distribution charts can be found below:

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

RAM Essential Services Property Fund Receivables Turnover Calculation

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

RAM Essential Services Property Fund'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 )
=	50.368	/ (	(2.368	+	6.633)	/	2 )
=	50.368	/	4.5005
=	11.19

RAM Essential Services Property Fund'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 )
=	27.039	/ (	(6.633	+	3.203)	/	2 )
=	27.039	/	4.918
=	5.50

RAM Essential Services Property Fund (ASX:REP) 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.

RAM Essential Services Property Fund Receivables Turnover Related Terms

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RAM Essential Services Property Fund (ASX:REP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000

Website

https://www.ramgroup.com

RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

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