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Empiric Student Property (LSE:ESP) Receivables Turnover : 19.60 (As of Dec. 2023)


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What is Empiric Student Property 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. Empiric Student Property's Revenue for the six months ended in Dec. 2023 was £39.20 Mil. Empiric Student Property's average Accounts Receivable for the six months ended in Dec. 2023 was £2.00 Mil. Hence, Empiric Student Property's Receivables Turnover for the six months ended in Dec. 2023 was 19.60.


Empiric Student Property Receivables Turnover Historical Data

The historical data trend for Empiric Student Property'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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Empiric Student Property Receivables Turnover Chart

Empiric Student Property Annual Data
Trend Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 139.31 41.67 22.23 37.44 57.50

Empiric Student Property Semi-Annual Data
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 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 6.23 9.48 11.66 20.65 19.60

Competitive Comparison of Empiric Student Property's Receivables Turnover

For the REIT - Residential subindustry, Empiric Student Property'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.


Empiric Student Property's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Empiric Student Property's Receivables Turnover falls into.



Empiric Student Property Receivables Turnover Calculation

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

Empiric Student Property'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 )
=80.5 / ((1.4 + 1.4) / 2 )
=80.5 / 1.4
=57.50

Empiric Student Property'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 )
=39.2 / ((2.6 + 1.4) / 2 )
=39.2 / 2
=19.60

* 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.


Empiric Student Property  (LSE:ESP) 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.


Empiric Student Property Receivables Turnover Related Terms

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Empiric Student Property (LSE:ESP) Business Description

Traded in Other Exchanges
N/A
Address
72 Borough High Street, 1st Floor Hop Yard Studios, London, GBR, SE1 1XF
Empiric Student Property PLC is a real estate company. It is engaged in investing in and managing premium purpose-built student accommodation in central locations in prime university cities and towns in the United Kingdom. Its investment portfolio includes Centro Court, Canal Bridge, Brook Studios, James House, and Edge Apartments among others. The company earns operating revenue from student accommodation rental.