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Stor-Age Property REIT (JSE:SSS) Receivables Turnover : 9.32 (As of Sep. 2024)


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What is Stor-Age Property REIT 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. Stor-Age Property REIT's Revenue for the six months ended in Sep. 2024 was R685 Mil. Stor-Age Property REIT's average Accounts Receivable for the six months ended in Sep. 2024 was R73 Mil. Hence, Stor-Age Property REIT's Receivables Turnover for the six months ended in Sep. 2024 was 9.32.


Stor-Age Property REIT Receivables Turnover Historical Data

The historical data trend for Stor-Age Property REIT'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.

* Premium members only.

Stor-Age Property REIT Receivables Turnover Chart

Stor-Age Property REIT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 5.30 10.00 55.10 49.57 47.19

Stor-Age Property REIT Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 6.10 6.36 8.98 8.97 9.32

Competitive Comparison of Stor-Age Property REIT's Receivables Turnover

For the REIT - Industrial subindustry, Stor-Age Property REIT'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.


Stor-Age Property REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Stor-Age Property REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Stor-Age Property REIT's Receivables Turnover falls into.


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Stor-Age Property REIT Receivables Turnover Calculation

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

Stor-Age Property REIT's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=1291.42 / ((25.852 + 28.876) / 2 )
=1291.42 / 27.364
=47.19

Stor-Age Property REIT'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 )
=684.518 / ((28.876 + 117.957) / 2 )
=684.518 / 73.4165
=9.32

* 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.


Stor-Age Property REIT  (JSE:SSS) 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.


Stor-Age Property REIT Receivables Turnover Related Terms

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Stor-Age Property REIT Business Description

Traded in Other Exchanges
N/A
Address
216 Main Road, Claremont, Cape Town, WC, ZAF, 7708
Stor-Age Property REIT Ltd develops, acquires, and manages self-storage properties. It earns revenue in the form of rentals from the tenants of its investment properties. The company's geographical operating segments are; South Africa which generates maximum revenue, and the United Kingdom.

Stor-Age Property REIT Headlines

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