Stride Property (NZSE:SPG) Receivables Turnover : 18.04 (As of Sep. 2024)

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What is Stride 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. Stride Property's Revenue for the six months ended in Sep. 2024 was NZ$59.7 Mil. Stride Property's average Accounts Receivable for the six months ended in Sep. 2024 was NZ$3.3 Mil. Hence, Stride Property's Receivables Turnover for the six months ended in Sep. 2024 was 18.04.

Stride Property Receivables Turnover Historical Data

The historical data trend for Stride 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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Stride Property Receivables Turnover Chart

Stride Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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35.64

26.45

27.82

37.21

37.49

Stride Property Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															8.67	13.61	18.83	22.94	18.04

Competitive Comparison of Stride Property's Receivables Turnover

For the Real Estate Services subindustry, Stride 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.

Stride Property's Receivables Turnover Distribution in the Real Estate Industry

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

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

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Stride Property Receivables Turnover Calculation

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

Stride 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 )
=	121.066	/ (	(2.642	+	3.817)	/	2 )
=	121.066	/	3.2295
=	37.49

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

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	59.676	/ (	(3.817	+	2.798)	/	2 )
=	59.676	/	3.3075
=	18.04

Stride Property (NZSE:SPG) 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.

Stride Property Receivables Turnover Related Terms

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Stride Property Business Description

Industry

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Address

34 Shortland Street, Level 12, Louise Hill, Auckland, NTL, NZL, 1010

Website

https://www.strideproperty.co.nz

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.