Ingenia Communities Group (Ingenia Communities Group) Receivables Turnover : 17.99 (As of Dec. 2023)

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What is Ingenia Communities 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. Ingenia Communities Group's Revenue for the six months ended in Dec. 2023 was $138.2 Mil. Ingenia Communities Group's average Accounts Receivable for the six months ended in Dec. 2023 was $7.7 Mil. Hence, Ingenia Communities Group's Receivables Turnover for the six months ended in Dec. 2023 was 17.99.

Ingenia Communities Group Receivables Turnover Historical Data

The historical data trend for Ingenia Communities 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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Ingenia Communities Group Receivables Turnover Chart

Ingenia Communities Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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95.28

115.53

214.40

178.23

148.23

Ingenia Communities 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															14.16	20.16	13.10	16.77	17.99

Competitive Comparison of Ingenia Communities Group's Receivables Turnover

For the REIT - Residential subindustry, Ingenia Communities 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.

Ingenia Communities Group's Receivables Turnover Distribution in the REITs Industry

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

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

Ingenia Communities Group Receivables Turnover Calculation

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

Ingenia Communities 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 )
=	258.732	/ (	(1.739	+	1.752)	/	2 )
=	258.732	/	1.7455
=	148.23

Ingenia Communities 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 )
=	138.162	/ (	(1.752	+	13.608)	/	2 )
=	138.162	/	7.68
=	17.99

Ingenia Communities Group (OTCPK:INGEF) 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.

Ingenia Communities Group Receivables Turnover Related Terms

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Ingenia Communities Group (Ingenia Communities Group) Business Description

Industry

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INA:Australia

Address

88 Cumberland Street, Level 3, The Rocks, NSW, AUS, 2000

Website

https://www.ingeniacommunities.com.au

Ingenia Communities is an Australian real estate investment trust with a property portfolio capitalizing on tourism, retirement, and low-cost housing needs. The largest and fastest growing source of income is the firm's land-lease communities targeted at the over-55s population. This business generates development income on houses and rental income from the land. Additional rental and fee income are generated from housing communities and holiday parks. The firm's assets are situated in Australia's eastern states, with a focus on coastal and outer metropolitan regions.

Ingenia Communities Group (Ingenia Communities Group) Headlines

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