Rockwell Land (PHS:ROCK) Receivables Turnover : 6.44 (As of Mar. 2024)

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What is Rockwell Land 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. Rockwell Land's Revenue for the three months ended in Mar. 2024 was ₱3,582 Mil. Rockwell Land's average Accounts Receivable for the three months ended in Mar. 2024 was ₱556 Mil. Hence, Rockwell Land's Receivables Turnover for the three months ended in Mar. 2024 was 6.44.

Rockwell Land Receivables Turnover Historical Data

The historical data trend for Rockwell Land'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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Rockwell Land Receivables Turnover Chart

Rockwell Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.53

2.34

2.65

3.45

7.32

Rockwell Land 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															1.07	1.86	2.40	3.75	6.44

Competitive Comparison of Rockwell Land's Receivables Turnover

For the Real Estate - Development subindustry, Rockwell Land'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.

Rockwell Land's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Rockwell Land's Receivables Turnover falls into.

Rockwell Land Receivables Turnover Calculation

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

Rockwell Land'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 )
=	16453.934	/ (	(3675.664	+	820.603)	/	2 )
=	16453.934	/	2248.1335
=	7.32

Rockwell Land'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 )
=	3582	/ (	(820.603	+	291)	/	2 )
=	3582	/	555.8015
=	6.44

Rockwell Land (PHS:ROCK) 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.

Rockwell Land Receivables Turnover Related Terms

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Rockwell Land (PHS:ROCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rockwell Land Corp (PHS:ROCK) » Definitions » Receivables Turnover

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Address

8 Rockwell, Hidalgo Center, Rockwell Center, 2nd Floor, Metro Manila, Makati, RIZ, PHL, 1200

Website

https://www.e-rockwell.com

Rockwell Land Corp engages in the real estate development of residential and commercial properties. It operates through the following business segments: Residential Development, Commercial Development, and Hotel Operations. The Residential Development segment which earns the majority of revenue involves the development, sale, and property management of all residential units under the Rockwell and Primaries brands. Its Commercial Development segment develops, leases, and manages its retail and office developments. The Hotel Operations segment engages in the lease of serviced apartments and management of hotel and resort operations.