SAorate Real Estate (JSE:SAC) Receivables Turnover : 5.68 (As of Dec. 2023)

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What is SAorate Real Estate 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. SAorate Real Estate's Revenue for the six months ended in Dec. 2023 was R1,370 Mil. SAorate Real Estate's average Accounts Receivable for the six months ended in Dec. 2023 was R241 Mil. Hence, SAorate Real Estate's Receivables Turnover for the six months ended in Dec. 2023 was 5.68.

SAorate Real Estate Receivables Turnover Historical Data

The historical data trend for SAorate Real Estate'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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SAorate Real Estate Receivables Turnover Chart

SAorate Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.44

13.68

17.43

20.44

21.56

SAorate Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.94	3.74	4.19	5.02	5.68

Competitive Comparison of SAorate Real Estate's Receivables Turnover

For the REIT - Diversified subindustry, SAorate Real Estate'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.

SAorate Real Estate's Receivables Turnover Distribution in the REITs Industry

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

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

SAorate Real Estate Receivables Turnover Calculation

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

SAorate Real Estate's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2480.458	/ (	(95.194	+	134.869)	/	2 )
=	2480.458	/	115.0315
=	21.56

SAorate Real Estate's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1369.775	/ (	(347.512	+	134.869)	/	2 )
=	1369.775	/	241.1905
=	5.68

SAorate Real Estate (JSE:SAC) 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.

SAorate Real Estate Receivables Turnover Related Terms

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SAorate Real Estate (JSE:SAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SA Corporate Real Estate Ltd (JSE:SAC) » Definitions » Receivables Turnover

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Address

Corner Lower Road and West Road South, GreenPark Corner, 16th Floor, Morningside, Johannesburg, GT, ZAF, 2196

Website

https://www.sacorporatefund.co.za

SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees.

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