Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Receivables Turnover : 2.67 (As of Dec. 2023)

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What is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Revenue for the six months ended in Dec. 2023 was R$84.54 Mil. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's average Accounts Receivable for the six months ended in Dec. 2023 was R$31.64 Mil. Hence, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Receivables Turnover for the six months ended in Dec. 2023 was 2.67.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Receivables Turnover Historical Data

The historical data trend for Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario'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.

* Premium members only.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Receivables Turnover Chart

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

1.20

1.49

2.67

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	1.20	1.49	2.67

Competitive Comparison of Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Receivables Turnover

For the REIT - Diversified subindustry, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario'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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Receivables Turnover falls into.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Receivables Turnover Calculation

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

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario'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 )
=	84.542	/ (	(30.494	+	32.777)	/	2 )
=	84.542	/	31.6355
=	2.67

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario'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 )
=	84.542	/ (	(30.494	+	32.777)	/	2 )
=	84.542	/	31.6355
=	2.67

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Receivables Turnover Related Terms

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Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MFCR11:Brazil

Address

Rua Funchal, 418 - 21 andar, Sao Paulo, SP, BRA, 04548-004

Website

https://www.meritoinvestimentos.com

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.

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