Sirius Real Estate (LSE:SRE) Receivables Turnover : 10.81 (As of Sep. 2024)

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What is Sirius 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. Sirius Real Estate's Revenue for the six months ended in Sep. 2024 was £131.3 Mil. Sirius Real Estate's average Accounts Receivable for the six months ended in Sep. 2024 was £12.1 Mil. Hence, Sirius Real Estate's Receivables Turnover for the six months ended in Sep. 2024 was 10.81.

Sirius Real Estate Receivables Turnover Historical Data

The historical data trend for Sirius 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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Sirius Real Estate Receivables Turnover Chart

Sirius Real Estate Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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23.96

22.64

23.89

22.31

21.37

Sirius Real Estate Semi-Annual Data
	Mar15	Sep15	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															14.70	13.42	6.61	7.16	10.81

Competitive Comparison of Sirius Real Estate's Receivables Turnover

For the Real Estate Services subindustry, Sirius 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.

Sirius Real Estate's Receivables Turnover Distribution in the Real Estate Industry

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

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

Sirius Real Estate Receivables Turnover Calculation

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

Sirius Real Estate'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 )
=	247.05	/ (	(12.087	+	11.035)	/	2 )
=	247.05	/	11.561
=	21.37

Sirius Real Estate'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 )
=	131.314	/ (	(11.035	+	13.257)	/	2 )
=	131.314	/	12.146
=	10.81

Sirius Real Estate (LSE:SRE) 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.

Sirius Real Estate Receivables Turnover Related Terms

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Sirius Real Estate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sirius Real Estate Ltd (LSE:SRE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SRE:South Africa SRRLF:USA SREl:UK EYI:Germany

Address

Admiral Park, Trafalgar Court, 2nd Floor, East Wing, Channel Islands, St Peter Port, GGY, GY1 3EL

Website

https://www.sirius-real-estate.com

Sirius Real Estate Ltd is in the business of investment in and acquisition of the commercial property to provide workspace in Germany. It operates in two segments that is Germany; and United Kingdom. The Company invests in large mixed-use commercial real estate assets in Germany. The firm derives revenues in the form of rental income from operations in Germany. Its portfolio includes Conventional offices, Smartspace Office, Officepods, Virtual office, Classical storage spaces, Smart space Storage, Flexi storage, Workshop spaces, and others.