MHPC (Manufactured Housing Properties) Receivables Turnover: 14.06 (As of Sep. 2023)

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MHPC Manufactured Housing Properties Inc MHPC
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What is Manufactured Housing Properties Receivables Turnover?

Manufactured Housing Properties MHPC 12 Receivables Turnover is 14.06 as of Sep. 2023. GuruFocus rates MHPC with a GF Score™ of 12/100.

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. Manufactured Housing Properties's Revenue for the three months ended in Sep. 2023 was $4.70 Mil. Manufactured Housing Properties's average Accounts Receivable for the three months ended in Sep. 2023 was $0.33 Mil. Hence, Manufactured Housing Properties's Receivables Turnover for the three months ended in Sep. 2023 was 14.06.


Manufactured Housing Properties  (OTCPK:MHPC) 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.


Manufactured Housing Properties Receivables Turnover Related Terms


Manufactured Housing Properties Receivables Turnover Historical Data

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The historical data trend for Manufactured Housing Properties'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.

Manufactured Housing Properties Receivables Turnover Chart

Manufactured Housing Properties Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.80 133.58 155.63 75.48 52.21

Manufactured Housing Properties Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only 11.76 11.39 14.33 16.03 14.06

MHPC vs WEWKQ, GYRO, LRHC: Receivables Turnover Comparison

For the Real Estate Services subindustry, Manufactured Housing Properties'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.


Manufactured Housing Properties Receivables Turnover vs Real Estate Industry

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

* The bar in red indicates where Manufactured Housing Properties's Receivables Turnover falls into.


MHPC
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Manufactured Housing Properties Inc MHPC
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Manufactured Housing Properties Receivables Turnover Calculation

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

Manufactured Housing Properties's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=14.202 / ((0.176 + 0.368) / 2 )
=14.202 / 0.272
=52.21

Manufactured Housing Properties's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=4.702 / ((0.326 + 0.343) / 2 )
=4.702 / 0.3345
=14.06

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 14.06 mean?
Manufactured Housing Properties (MHPC) has a Receivables Turnover of 14.06 as of Sep. 2023. The accounts 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. View historical data on Manufactured Housing Properties and its competitors.
Is Manufactured Housing Properties' Receivables Turnover too high?
Manufactured Housing Properties' current Receivables Turnover is 14.06. The Real Estate industry median Receivables Turnover is 10.64. Manufactured Housing Properties' value of 14.06 is 32.2% above this industry median. Overall, Manufactured Housing Properties has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Manufactured Housing Properties' Receivables Turnover compare to WEWKQ and GYRO?
Manufactured Housing Properties' Receivables Turnover of 14.06 can be compared against companies in the Real Estate industry. The industry median Receivables Turnover is 10.64. Manufactured Housing Properties' value of 14.06 is 32.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.64, based on 1,668 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manufactured Housing Properties's current Receivables Turnover of 14.06 is 32.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Manufactured Housing Properties and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manufactured Housing Properties's current Receivables Turnover is 14.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manufactured Housing Properties stock overvalued right now?
Manufactured Housing Properties (MHPC) has a current Receivables Turnover of 14.06. The current Receivables Turnover is 14.06 and 32.2% above the Real Estate industry median of 10.64. Manufactured Housing Properties' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Manufactured Housing Properties (MHPC), the current Receivables Turnover is 14.06 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Manufactured Housing Properties Business Description

Address 136 Main Street, Pineville, NC, USA, 28134
Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.
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