Pro Kapital Grupp AS (OTSE:PKG1T) Receivables Turnover : 2.03 (As of Mar. 2024)

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What is Pro Kapital Grupp AS 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. Pro Kapital Grupp AS's Revenue for the three months ended in Mar. 2024 was €3.05 Mil. Pro Kapital Grupp AS's average Accounts Receivable for the three months ended in Mar. 2024 was €1.50 Mil. Hence, Pro Kapital Grupp AS's Receivables Turnover for the three months ended in Mar. 2024 was 2.03.

Pro Kapital Grupp AS Receivables Turnover Historical Data

The historical data trend for Pro Kapital Grupp AS'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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Pro Kapital Grupp AS Receivables Turnover Chart

Pro Kapital Grupp AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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51.64

14.82

66.61

144.93

28.81

Pro Kapital Grupp AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															10.28	1.03	0.98	0.97	2.03

Competitive Comparison of Pro Kapital Grupp AS's Receivables Turnover

For the Real Estate - Diversified subindustry, Pro Kapital Grupp AS'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.

Pro Kapital Grupp AS's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Pro Kapital Grupp AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pro Kapital Grupp AS's Receivables Turnover falls into.

Pro Kapital Grupp AS Receivables Turnover Calculation

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

Pro Kapital Grupp AS's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	23.021	/ (	(0.28	+	1.318)	/	2 )
=	23.021	/	0.799
=	28.81

Pro Kapital Grupp AS'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3.054	/ (	(1.318	+	1.688)	/	2 )
=	3.054	/	1.503
=	2.03

Pro Kapital Grupp AS (OTSE:PKG1T) 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.

Pro Kapital Grupp AS Receivables Turnover Related Terms

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Pro Kapital Grupp AS (OTSE:PKG1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pro Kapital Grupp AS (OTSE:PKG1T) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Sojakooli 11, Tallinn, EST, 11316

Website

https://www.prokapital.com

Pro Kapital Grupp AS is an Estonian-based company engaged in the business of real estate. Principally, it is involved in buying and selling as well as renting its own and leased real estate. The company focuses on the development, management, and sale of modern retail and residential real estate properties geographically across Estonia, Latvia, Lithuania, and Germany. The company's project includes the residential area in Kalaranna District, Kristiine City, Kliversala Quarter, Saltiniu Namai Attico, and others.

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