Investore Property (NZSE:IPL) Receivables Turnover : 15.62 (As of Mar. 2024)

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What is Investore 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. Investore Property's Revenue for the six months ended in Mar. 2024 was NZ$36.53 Mil. Investore Property's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$2.34 Mil. Hence, Investore Property's Receivables Turnover for the six months ended in Mar. 2024 was 15.62.

Investore Property Receivables Turnover Historical Data

The historical data trend for Investore 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.

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Investore Property Receivables Turnover Chart

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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104.55

114.59

83.38

72.58

94.15

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										26.51	23.67	25.34	14.96	15.62

Competitive Comparison of Investore Property's Receivables Turnover

For the REIT - Retail subindustry, Investore 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.

Investore Property's Receivables Turnover Distribution in the REITs Industry

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

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

Investore Property Receivables Turnover Calculation

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

Investore 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 )
=	72.823	/ (	(0.861	+	0.686)	/	2 )
=	72.823	/	0.7735
=	94.15

Investore 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 )
=	36.525	/ (	(3.992	+	0.686)	/	2 )
=	36.525	/	2.339
=	15.62

Investore Property (NZSE:IPL) 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.

Investore Property Receivables Turnover Related Terms

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Investore Property (NZSE:IPL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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