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. Vantage Towers AG's Revenue for the
six
months ended in Mar. 2023 was $602 Mil. Vantage Towers AG's average Accounts Receivable for the
six
months ended in Mar. 2023 was $98 Mil.
Hence, Vantage Towers AG's Receivables Turnover for the
six
months ended in Mar. 2023 was 6.14.
Vantage Towers AG (OTCPK:VTWRF) 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.
Vantage Towers AG Receivables Turnover Related Terms
Vantage Towers AG Receivables Turnover Historical Data
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The historical data trend for Vantage Towers AG'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.
VTWRF vs BEKE, CBRE, CSGP: Receivables Turnover Comparison
For the Real Estate Services subindustry, Vantage Towers AG'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.
Vantage Towers AG Receivables Turnover vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Vantage Towers AG's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Vantage Towers AG's Receivables Turnover falls into.
* 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.
Vantage Towers AG (VTWRF) has a Receivables Turnover of 6.14 as of Mar. 2023. The accounts 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. View historical data on Vantage Towers AG and its competitors.
Is Vantage Towers AG's Receivables Turnover too high?
Vantage Towers AG's current Receivables Turnover is 6.14. The Real Estate industry median Receivables Turnover is 10.77. Vantage Towers AG's value of 6.14 is 43% below this industry median. Overall, Vantage Towers AG has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Towers AG's Receivables Turnover compare to BEKE and CBRE?
Vantage Towers AG's Receivables Turnover of 6.14 can be compared against companies in the Real Estate industry. The industry median Receivables Turnover is 10.77. Vantage Towers AG's value of 6.14 is 43% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.77, based on 1,667 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vantage Towers AG's current Receivables Turnover of 6.14 is 43% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Vantage Towers AG and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Towers AG's current Receivables Turnover is 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Towers AG stock overvalued right now?
Vantage Towers AG (VTWRF) has a current Receivables Turnover of 6.14. The current Receivables Turnover is 6.14 and 43% below the Real Estate industry median of 10.77. Vantage Towers AG's overall GF Score™ is 44/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Vantage Towers AG (VTWRF), the current Receivables Turnover is 6.14 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.
44GF Score
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