Cityland Development (PHS:CDC) Receivables Turnover : 21.69 (As of Mar. 2024)

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What is Cityland Development 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. Cityland Development's Revenue for the three months ended in Mar. 2024 was ₱375 Mil. Cityland Development's average Accounts Receivable for the three months ended in Mar. 2024 was ₱17 Mil. Hence, Cityland Development's Receivables Turnover for the three months ended in Mar. 2024 was 21.69.

Cityland Development Receivables Turnover Historical Data

The historical data trend for Cityland Development'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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Cityland Development Receivables Turnover Chart

Cityland Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.17

66.46

60.70

156.14

161.45

Cityland Development 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															60.61	58.52	65.28	31.73	21.69

Competitive Comparison of Cityland Development's Receivables Turnover

For the Real Estate Services subindustry, Cityland Development'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.

Cityland Development's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Cityland Development's Receivables Turnover falls into.

Cityland Development Receivables Turnover Calculation

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

Cityland Development'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 )
=	2397.642	/ (	(13.269	+	16.433)	/	2 )
=	2397.642	/	14.851
=	161.45

Cityland Development'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 )
=	374.818	/ (	(16.433	+	18.133)	/	2 )
=	374.818	/	17.283
=	21.69

Cityland Development (PHS:CDC) 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.

Cityland Development Receivables Turnover Related Terms

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Cityland Development (PHS:CDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cityland Development Corp (PHS:CDC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower I, 156 H.V. Dela Costa Street, 2nd Floor, Cityland Condominium 10, Makati, PHL, 1226

Website

https://www.cityland.info

Cityland Development Corp operates as a real estate company that acquires, develops, subdivides, cultivates, leases, subleases, sells, barter and disposes of agricultural, industrial, commercial, residential and other real properties. It also constructs, improves, lease, sublease, sell and/or dispose of houses, buildings and other improvements and manages and operates subdivisions and housing projects. Its operations are carried through the following segments: Sale of Real Estate Properties, Lease Real Estate Properties, and Pension Plan Operations.

Cityland Development (PHS:CDC) Headlines

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