Fairvest (JSE:FTA) Receivables Turnover : 7.67 (As of Sep. 2024)

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What is Fairvest 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. Fairvest's Revenue for the six months ended in Sep. 2024 was R1,044 Mil. Fairvest's average Accounts Receivable for the six months ended in Sep. 2024 was R136 Mil. Hence, Fairvest's Receivables Turnover for the six months ended in Sep. 2024 was 7.67.

Fairvest Receivables Turnover Historical Data

The historical data trend for Fairvest'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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Fairvest Receivables Turnover Chart

Fairvest Annual Data

Trend

Jun21

Sep23

Sep24

Receivables Turnover

7.90

29.71

37.72

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	-	7.53	7.85	7.06	7.67

Competitive Comparison of Fairvest's Receivables Turnover

For the REIT - Retail subindustry, Fairvest'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.

Fairvest's Receivables Turnover Distribution in the REITs Industry

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

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

Fairvest Receivables Turnover Calculation

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

Fairvest's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	2040.21	/ (	(58.98	+	49.197)	/	2 )
=	2040.21	/	54.0885
=	37.72

Fairvest's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1044.315	/ (	(223.088	+	49.197)	/	2 )
=	1044.315	/	136.1425
=	7.67

Fairvest (JSE:FTA) 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.

Fairvest Receivables Turnover Related Terms

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Fairvest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (JSE:FTA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FTB:South Africa

Address

1 Sturdee Avenue, Rosebank, 3rd Floor, Upper Building, Johannesburg, GT, ZAF, 2076

Website

https://www.fairvest.co.za

Fairvest Ltd is a diversified real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial, Retail, Residential & Overhead. The majority is from the Retail segment. Geographically, it is located in South Africa.

Fairvest Headlines

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