Elite UK REIT (SGX:MXNU) Receivables Turnover : 3.17 (As of Dec. 2023)

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What is Elite UK REIT 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. Elite UK REIT's Revenue for the six months ended in Dec. 2023 was £23.87 Mil. Elite UK REIT's average Accounts Receivable for the six months ended in Dec. 2023 was £7.52 Mil. Hence, Elite UK REIT's Receivables Turnover for the six months ended in Dec. 2023 was 3.17.

Elite UK REIT Receivables Turnover Historical Data

The historical data trend for Elite UK REIT'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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Elite UK REIT Receivables Turnover Chart

Elite UK REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.33

6.54

6.08

3.32

6.79

Elite UK REIT Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				1.74	1.75	1.74	1.79	3.17

Competitive Comparison of Elite UK REIT's Receivables Turnover

For the REIT - Office subindustry, Elite UK REIT'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.

Elite UK REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Elite UK REIT's Receivables Turnover falls into.

Elite UK REIT Receivables Turnover Calculation

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

Elite UK REIT'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 )
=	45.206	/ (	(11.039	+	2.268)	/	2 )
=	45.206	/	6.6535
=	6.79

Elite UK REIT's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	23.866	/ (	(12.774	+	2.268)	/	2 )
=	23.866	/	7.521
=	3.17

Elite UK REIT (SGX:MXNU) 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.

Elite UK REIT Receivables Turnover Related Terms

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Elite UK REIT (SGX:MXNU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elite UK REIT (SGX:MXNU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Temasek Boulevard, 37-02, Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.elitecreit.com

Elite Commercial REIT invests in commercial assets and real estate-related assets in the UK. It has commercial buildings located across the UK.

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