Noval Property Real Estate Investment Co (ATH:NOVAL) Receivables Turnover : 47.86 (As of Dec. 2023)

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What is Noval Property Real Estate Investment Co 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. Noval Property Real Estate Investment Co's Revenue for the six months ended in Dec. 2023 was €29.34 Mil. Noval Property Real Estate Investment Co's average Accounts Receivable for the six months ended in Dec. 2023 was €0.61 Mil. Hence, Noval Property Real Estate Investment Co's Receivables Turnover for the six months ended in Dec. 2023 was 47.86.

Noval Property Real Estate Investment Co Receivables Turnover Historical Data

The historical data trend for Noval Property Real Estate Investment Co'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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Noval Property Real Estate Investment Co Receivables Turnover Chart

Noval Property Real Estate Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

7.52

18.20

47.86

Noval Property Real Estate Investment Co Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	7.52	18.20	47.86

Competitive Comparison of Noval Property Real Estate Investment Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Noval Property Real Estate Investment Co'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.

Noval Property Real Estate Investment Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Noval Property Real Estate Investment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Noval Property Real Estate Investment Co's Receivables Turnover falls into.

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Noval Property Real Estate Investment Co Receivables Turnover Calculation

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

Noval Property Real Estate Investment Co'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 )
=	29.339	/ (	(0.614	+	0.612)	/	2 )
=	29.339	/	0.613
=	47.86

Noval Property Real Estate Investment Co'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	29.339	/ (	(0.614	+	0.612)	/	2 )
=	29.339	/	0.613
=	47.86

Noval Property Real Estate Investment Co (ATH:NOVAL) 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.

Noval Property Real Estate Investment Co Receivables Turnover Related Terms

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Noval Property Real Estate Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Noval Property Real Estate Investment Co (ATH:NOVAL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Leof. Mesogeion 2-4, Athens, GRC, 115 27

Website

Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company that aims to offer investors capital growth potential and attractive dividend yield. It has been sourcing, evaluating and acquiring attractive investment opportunities primarily in the Greek real estate market, employing both core and value-add strategies in addition to development projects.

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