Afine Investments (JSE:ANI) Receivables Turnover : 19.92 (As of Aug. 2024)

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What is Afine Investments 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. Afine Investments's Revenue for the six months ended in Aug. 2024 was R22.63 Mil. Afine Investments's average Accounts Receivable for the six months ended in Aug. 2024 was R1.14 Mil. Hence, Afine Investments's Receivables Turnover for the six months ended in Aug. 2024 was 19.92.

Afine Investments Receivables Turnover Historical Data

The historical data trend for Afine Investments'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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Afine Investments Receivables Turnover Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

529.02

655.94

581.49

Afine Investments Semi-Annual Data
	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Receivables Turnover	Get a 7-Day Free Trial			402.98	358.85	223.61	198.13	19.92

Competitive Comparison of Afine Investments's Receivables Turnover

For the REIT - Specialty subindustry, Afine Investments'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.

Afine Investments's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Afine Investments's Receivables Turnover falls into.

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Afine Investments Receivables Turnover Calculation

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

Afine Investments's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	44.775	/ (	(0.066	+	0.088)	/	2 )
=	44.775	/	0.077
=	581.49

Afine Investments's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

	Receivables Turnover (Q: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2024 )	/ (	(Accounts Receivable (Q: Feb. 2024 )	+	Accounts Receivable (Q: Aug. 2024 ))	/	count )
=	22.63	/ (	(0.088	+	2.184)	/	2 )
=	22.63	/	1.136
=	19.92

Afine Investments (JSE:ANI) 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.

Afine Investments Receivables Turnover Related Terms

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Afine Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.

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