Burstone Group (JSE:BTN) Receivables Turnover : 3.98 (As of Sep. 2023)

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What is Burstone 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. Burstone Group's Revenue for the six months ended in Sep. 2023 was R986 Mil. Burstone Group's average Accounts Receivable for the six months ended in Sep. 2023 was R248 Mil. Hence, Burstone Group's Receivables Turnover for the six months ended in Sep. 2023 was 3.98.

Burstone Group Receivables Turnover Historical Data

The historical data trend for Burstone 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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Burstone Group Receivables Turnover Chart

Burstone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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51.28

9.24

8.02

43.50

43.61

Burstone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.20	4.93	5.05	2.97	3.98

Competitive Comparison of Burstone Group's Receivables Turnover

For the REIT - Diversified subindustry, Burstone 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.

Burstone Group's Receivables Turnover Distribution in the REITs Industry

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

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

Burstone Group Receivables Turnover Calculation

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

Burstone Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1458.373	/ (	(32.113	+	34.762)	/	2 )
=	1458.373	/	33.4375
=	43.61

Burstone Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	986.427	/ (	(34.762	+	460.823)	/	2 )
=	986.427	/	247.7925
=	3.98

Burstone Group (JSE:BTN) 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.

Burstone Group Receivables Turnover Related Terms

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Burstone Group (JSE:BTN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Burstone Group Ltd (JSE:BTN) » Definitions » Receivables Turnover

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Address

100 Grayston Drive, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.investecproperty.com

Burstone Group Ltd Formerly Investec Property Fund Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.

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