Argosy Property (NZSE:ARG) Receivables Turnover : 59.75 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Argosy Property 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. Argosy Property's Revenue for the six months ended in Mar. 2024 was NZ$76.9 Mil. Argosy Property's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$1.3 Mil. Hence, Argosy Property's Receivables Turnover for the six months ended in Mar. 2024 was 59.75.

Argosy Property Receivables Turnover Historical Data

The historical data trend for Argosy Property'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.

* Premium members only.

Argosy Property Receivables Turnover Chart

Argosy Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

75.34

69.55

81.29

95.37

88.99

Argosy Property Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															32.97	32.63	31.73	59.11	59.75

Competitive Comparison of Argosy Property's Receivables Turnover

For the REIT - Diversified subindustry, Argosy Property'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.

Argosy Property's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Argosy Property's Receivables Turnover falls into.

Argosy Property Receivables Turnover Calculation

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

Argosy Property'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 )
=	153.151	/ (	(1.725	+	1.717)	/	2 )
=	153.151	/	1.721
=	88.99

Argosy Property's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	76.874	/ (	(0.856	+	1.717)	/	2 )
=	76.874	/	1.2865
=	59.75

Argosy Property (NZSE:ARG) 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.

Argosy Property Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Argosy Property's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Argosy Property (NZSE:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IGPYF:USA

Address

Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142

Website

https://www.argosy.co.nz

Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.

Argosy Property (NZSE:ARG) Headlines

No Headlines