Secure Property Development & Investment (LSE:SPDI) Receivables Turnover : 0.80 (As of Jun. 2024)

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What is Secure Property Development & Investment 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. Secure Property Development & Investment's Revenue for the six months ended in Jun. 2024 was £0.52 Mil. Secure Property Development & Investment's average Accounts Receivable for the six months ended in Jun. 2024 was £0.65 Mil. Hence, Secure Property Development & Investment's Receivables Turnover for the six months ended in Jun. 2024 was 0.80.

Secure Property Development & Investment Receivables Turnover Historical Data

The historical data trend for Secure Property Development & Investment'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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Secure Property Development & Investment Receivables Turnover Chart

Secure Property Development & Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.78

1.23

2.53

2.10

2.20

Secure Property Development & Investment Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.05	1.18	1.29	0.93	0.80

Competitive Comparison of Secure Property Development & Investment's Receivables Turnover

For the Real Estate Services subindustry, Secure Property Development & Investment'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.

Secure Property Development & Investment's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Secure Property Development & Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Secure Property Development & Investment's Receivables Turnover falls into.

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Secure Property Development & Investment Receivables Turnover Calculation

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

Secure Property Development & Investment'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 )
=	1.233	/ (	(0.524	+	0.595)	/	2 )
=	1.233	/	0.5595
=	2.20

Secure Property Development & Investment's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0.519	/ (	(0.595	+	0.706)	/	2 )
=	0.519	/	0.6505
=	0.80

Secure Property Development & Investment (LSE:SPDI) 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.

Secure Property Development & Investment Receivables Turnover Related Terms

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Secure Property Development & Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Secure Property Development & Investment PLC (LSE:SPDI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SPDI.GB:UK

Address

6 Nikiforou Foka Street, Nicosia, CYP, 1060

Website

http://www.secure-property.eu

Secure Property Development & Investment PLC is engaged in the acquisition, development, and management of real estate properties and projects. The company's operating segments include Warehouse, Office, Retail, Residential, Land Assets, and Corporate.

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