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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. Asset Plus's Revenue for the
six
months ended in Mar. 2026 was NZ$3.36 Mil. Asset Plus's average Accounts Receivable for the
six
months ended in Mar. 2026 was NZ$0.02 Mil.
Hence, Asset Plus's Receivables Turnover for the
six
months ended in Mar. 2026 was 159.95.
Asset Plus (NZSE:APL) 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.
Asset Plus Receivables Turnover Related Terms
Asset Plus Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Receivables Turnover Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Receivables Turnover vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Asset Plus's Receivables Turnover falls into.
* 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.
Asset Plus (NZSE:APL) has a Receivables Turnover of 159.95 as of Mar. 2026. 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 Asset Plus and its competitors. According to the industry distribution chart, Asset Plus ranks #57 out of 675 companies in the REITs industry, placing it in the top 8.4%.
Is Asset Plus' Receivables Turnover too high?
Asset Plus' current Receivables Turnover is 159.95. The REITs industry median Receivables Turnover is 15.91. Asset Plus' value of 159.95 is 905.3% above this industry median. Based on the distribution chart, Asset Plus ranks #57 out of 675 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Asset Plus has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Receivables Turnover compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #57 out of 675 companies for Receivables Turnover. This places Asset Plus in the top 8% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 15.91. Asset Plus' value of 159.95 is 905.3% 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 REITs company?
The median Receivables Turnover among REITs companies is 15.91, based on 675 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. Asset Plus's current Receivables Turnover of 159.95 is 905.3% 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 Asset Plus and its competitors. For the REITs industry, the median Receivables Turnover is 15.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current Receivables Turnover is 159.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 26.1% below its estimated fair value. The current Receivables Turnover is 159.95 and 905.3% above the REITs industry median of 15.91. Asset Plus' overall GF Score™ is 42/100 with 2 warning signs to review. 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 Asset Plus (NZSE:APL), the current Receivables Turnover is 159.95 as of Mar. 2026. 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.
Is Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 26.1% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Receivables Turnover: 159.95
GF Value™: NZ$0.23 vs. price of NZ$0.17 (26.1% below fair value)
Industry Position: 905.3% above the REITs median (#57 of 675)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
42GF Score
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