Ble Kedros REIC (ATH:BLEKEDROS) Receivables Turnover : 11.45 (As of Dec. 2023)

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What is Ble Kedros REIC 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. Ble Kedros REIC's Revenue for the six months ended in Dec. 2023 was €3.38 Mil. Ble Kedros REIC's average Accounts Receivable for the six months ended in Dec. 2023 was €0.30 Mil. Hence, Ble Kedros REIC's Receivables Turnover for the six months ended in Dec. 2023 was 11.45.

Ble Kedros REIC Receivables Turnover Historical Data

The historical data trend for Ble Kedros REIC'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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Ble Kedros REIC Receivables Turnover Chart

Ble Kedros REIC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.09

23.13

37.89

39.09

20.62

Ble Kedros REIC Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				15.28	11.37	14.62	44.54	11.45

Competitive Comparison of Ble Kedros REIC's Receivables Turnover

For the REIT - Diversified subindustry, Ble Kedros REIC'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.

Ble Kedros REIC's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ble Kedros REIC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ble Kedros REIC's Receivables Turnover falls into.

Ble Kedros REIC Receivables Turnover Calculation

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

Ble Kedros REIC'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 )
=	6.702	/ (	(0.104	+	0.546)	/	2 )
=	6.702	/	0.325
=	20.62

Ble Kedros REIC'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 )
=	3.384	/ (	(0.045	+	0.546)	/	2 )
=	3.384	/	0.2955
=	11.45

Ble Kedros REIC (ATH:BLEKEDROS) 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.

Ble Kedros REIC Receivables Turnover Related Terms

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Ble Kedros REIC (ATH:BLEKEDROS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ble Kedros REIC (ATH:BLEKEDROS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

4 Palaias Tatoiou Street, P.C. 14 671, Kifissia, Athens, GRC

Website

https://www.blekedros.com

Ble Kedros REIC operates as a Real Estate Investment Company (REIC). It operates in the field of real estate investment, development, and management. Its aim is to create a real estate portfolio that generates consistently high returns and generates stable cash inflows, It invests in commercial real estate which may be utilized immediately such as stores, offices, and industrial buildings, as well as assets for the future development such as plots of land.

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