Bulgarian Real Estate Fund REIT (XBUL:BREF) Receivables Turnover : 3.71 (As of Sep. 2024)

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What is Bulgarian Real Estate Fund 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. Bulgarian Real Estate Fund REIT's Revenue for the three months ended in Sep. 2024 was лв2.78 Mil. Bulgarian Real Estate Fund REIT's average Accounts Receivable for the three months ended in Sep. 2024 was лв0.75 Mil. Hence, Bulgarian Real Estate Fund REIT's Receivables Turnover for the three months ended in Sep. 2024 was 3.71.

Bulgarian Real Estate Fund REIT Receivables Turnover Historical Data

The historical data trend for Bulgarian Real Estate Fund 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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Bulgarian Real Estate Fund REIT Receivables Turnover Chart

Bulgarian Real Estate Fund REIT Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

Receivables Turnover

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33.95

22.46

22.96

102.30

13.40

Bulgarian Real Estate Fund REIT Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.82	2.68	3.23	3.39	3.71

Competitive Comparison of Bulgarian Real Estate Fund REIT's Receivables Turnover

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund 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.

Bulgarian Real Estate Fund REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Bulgarian Real Estate Fund REIT's Receivables Turnover falls into.

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Bulgarian Real Estate Fund REIT Receivables Turnover Calculation

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

Bulgarian Real Estate Fund 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 )
=	8.696	/ (	(0.219	+	1.079)	/	2 )
=	8.696	/	0.649
=	13.40

Bulgarian Real Estate Fund REIT's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2.779	/ (	(1.036	+	0.462)	/	2 )
=	2.779	/	0.749
=	3.71

Bulgarian Real Estate Fund REIT (XBUL:BREF) 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.

Bulgarian Real Estate Fund REIT Receivables Turnover Related Terms

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Bulgarian Real Estate Fund REIT Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

3A Nikolay Haytov Street, Floor 1, Sofia, BGR, 1113

Website

https://www.brefbg.com

Bulgarian Real Estate Fund REIT operates a Bulgarian real estate fund. Its activity of the Fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein to make it available for management, rent, leasing and/or sale. Its objective is to achieve capital appreciation using diversified investments in business buildings, residential and other high-class properties, retail premises, and agricultural land on the territory of Bulgaria. The fund's rental income is generated from external customers located in Bulgaria. Maximum money from the customers is allotted in the business segment of the fund.

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