Emira Property Fund (JSE:EMI) Receivables Turnover : 5.66 (As of Sep. 2023)

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What is Emira Property Fund 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. Emira Property Fund's Revenue for the six months ended in Sep. 2023 was R945 Mil. Emira Property Fund's average Accounts Receivable for the six months ended in Sep. 2023 was R167 Mil. Hence, Emira Property Fund's Receivables Turnover for the six months ended in Sep. 2023 was 5.66.

Emira Property Fund Receivables Turnover Historical Data

The historical data trend for Emira Property Fund'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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Emira Property Fund Receivables Turnover Chart

Emira Property Fund Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Receivables Turnover

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39.72

50.23

35.38

31.51

71.62

Emira Property Fund Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
Receivables Turnover	Get a 7-Day Free Trial															8.27	10.22	11.51	8.64	5.66

Competitive Comparison of Emira Property Fund's Receivables Turnover

For the REIT - Diversified subindustry, Emira Property Fund'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.

Emira Property Fund's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Emira Property Fund's Receivables Turnover falls into.

Emira Property Fund Receivables Turnover Calculation

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

Emira Property Fund's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	1456.949	/ (	(27.156	+	13.527)	/	2 )
=	1456.949	/	20.3415
=	71.62

Emira Property Fund'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: Dec. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	944.552	/ (	(180.89	+	153.005)	/	2 )
=	944.552	/	166.9475
=	5.66

Emira Property Fund (JSE:EMI) 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.

Emira Property Fund Receivables Turnover Related Terms

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Emira Property Fund (JSE:EMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Emira Property Fund Ltd (JSE:EMI) » Definitions » Receivables Turnover

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Address

33 Sloane Street, 1st Floor, Block A, Knightsbridge, Bryanston, Johannesburg, GT, ZAF, 2191

Website

https://www.emira.co.za

Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties.

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