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Fortress Real Estate Investments (JSE:FFB) Receivables Turnover : 4.47 (As of Dec. 2024)


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What is Fortress Real Estate 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. Fortress Real Estate Investments's Revenue for the six months ended in Dec. 2024 was R2,934 Mil. Fortress Real Estate Investments's average Accounts Receivable for the six months ended in Dec. 2024 was R656 Mil. Hence, Fortress Real Estate Investments's Receivables Turnover for the six months ended in Dec. 2024 was 4.47.


Fortress Real Estate Investments Receivables Turnover Historical Data

The historical data trend for Fortress Real Estate 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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Fortress Real Estate Investments Receivables Turnover Chart

Fortress Real Estate Investments Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.53 43.12 81.36 199.48 602.79

Fortress Real Estate Investments Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 2.44 3.16 3.32 4.47

Competitive Comparison of Fortress Real Estate Investments's Receivables Turnover

For the Real Estate Services subindustry, Fortress Real Estate 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.


Fortress Real Estate Investments's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Fortress Real Estate Investments's Receivables Turnover falls into.


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Fortress Real Estate Investments Receivables Turnover Calculation

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

Fortress Real Estate Investments's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=4383.507 / ((8.625 + 5.919) / 2 )
=4383.507 / 7.272
=602.79

Fortress Real Estate Investments's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=2934.246 / ((5.919 + 1306.175) / 2 )
=2934.246 / 656.047
=4.47

* 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.


Fortress Real Estate Investments  (JSE:FFB) 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.


Fortress Real Estate Investments Receivables Turnover Related Terms

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Fortress Real Estate Investments Business Description

Traded in Other Exchanges
N/A
Address
Block C, Cullinan Place, Cullinan Close, Morningside, Johannesburg, GT, ZAF, 2196
Fortress Real Estate Investments Ltd invests in both direct property assets and listed real estate securities including both local and foreign property companies. It owns a portfolio of retail, office, industrial, logistics-CEE, logistics-SA, corporate and other. The company generates maximum revenue from the Logistics-SA segment.

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