AREIT Prop (JSE:APO) Receivables Turnover : 0.76 (As of Dec. 2022)

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What is AREIT Prop 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. AREIT Prop's Revenue for the three months ended in Dec. 2022 was R7.75 Mil. AREIT Prop's average Accounts Receivable for the three months ended in Dec. 2022 was R10.19 Mil. Hence, AREIT Prop's Receivables Turnover for the three months ended in Dec. 2022 was 0.76.

AREIT Prop Receivables Turnover Historical Data

The historical data trend for AREIT Prop'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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AREIT Prop Receivables Turnover Chart

AREIT Prop Annual Data

Trend

Dec21

Dec22

Receivables Turnover

AREIT Prop Quarterly Data
	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	1.60	1.46	2.48	0.76

Competitive Comparison of AREIT Prop's Receivables Turnover

For the REIT - Diversified subindustry, AREIT Prop'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.

AREIT Prop's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where AREIT Prop's Receivables Turnover falls into.

AREIT Prop Receivables Turnover Calculation

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

AREIT Prop's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	65.453	/ (	(0	+	0)	/	1 )
=	65.453	/	0
=	N/A

AREIT Prop's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	7.753	/ (	(10.185	+	0)	/	1 )
=	7.753	/	10.185
=	0.76

AREIT Prop (JSE:APO) 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.

AREIT Prop Receivables Turnover Related Terms

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AREIT Prop (JSE:APO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AREIT Prop Ltd (JSE:APO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cape Town, Cape Town, ZAF

Website

http://www.areitprop.co.za

AREIT Prop Ltd is a property group holding leasehold properties focused on the hospitality and medical sector, allowing investors to gain exposure to the property ?market without the exposure to property-related expenses, risks, and debt.