UNITE Group (MEX:UTG) Receivables Turnover : 2.61 (As of Jun. 2024)

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What is UNITE Group 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. UNITE Group's Revenue for the six months ended in Jun. 2024 was MXN3,496 Mil. UNITE Group's average Accounts Receivable for the six months ended in Jun. 2024 was MXN1,339 Mil. Hence, UNITE Group's Receivables Turnover for the six months ended in Jun. 2024 was 2.61.

UNITE Group Receivables Turnover Historical Data

The historical data trend for UNITE Group'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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UNITE Group Receivables Turnover Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.85

9.67

12.14

7.57

7.41

UNITE Group 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															2.75	2.03	2.32	2.00	2.61

Competitive Comparison of UNITE Group's Receivables Turnover

For the REIT - Diversified subindustry, UNITE Group'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.

UNITE Group's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where UNITE Group's Receivables Turnover falls into.

UNITE Group Receivables Turnover Calculation

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

UNITE Group'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 )
=	5569.272	/ (	(755.143	+	747.726)	/	2 )
=	5569.272	/	751.4345
=	7.41

UNITE Group'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 )
=	3496.203	/ (	(747.726	+	1929.904)	/	2 )
=	3496.203	/	1338.815
=	2.61

UNITE Group (MEX:UTG) 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.

UNITE Group Receivables Turnover Related Terms

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UNITE Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (MEX:UTG) » Definitions » Receivables Turnover

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Traded in Other Exchanges

UTGPF:USA UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unitegroup.com

UNITE Group PLC develops and operates student housing. The company rents rooms both directly to students and through partnerships with various universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and property sales.