Rentaoracion Real Estate (XMAD:REN) Receivables Turnover : 23.79 (As of Dec. 2023)

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What is Rentaoracion Real Estate 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. Rentaoracion Real Estate's Revenue for the six months ended in Dec. 2023 was €13.25 Mil. Rentaoracion Real Estate's average Accounts Receivable for the six months ended in Dec. 2023 was €0.56 Mil. Hence, Rentaoracion Real Estate's Receivables Turnover for the six months ended in Dec. 2023 was 23.79.

Rentaoracion Real Estate Receivables Turnover Historical Data

The historical data trend for Rentaoracion Real Estate'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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Rentaoracion Real Estate Receivables Turnover Chart

Rentaoracion Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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21.67

8.77

20.50

16.47

50.36

Rentaoracion Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.57	7.23	3.96	21.33	23.79

Competitive Comparison of Rentaoracion Real Estate's Receivables Turnover

For the Real Estate Services subindustry, Rentaoracion Real Estate'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.

Rentaoracion Real Estate's Receivables Turnover Distribution in the Real Estate Industry

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

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

Rentaoracion Real Estate Receivables Turnover Calculation

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

Rentaoracion Real Estate'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 )
=	41.825	/ (	(1.613	+	0.048)	/	2 )
=	41.825	/	0.8305
=	50.36

Rentaoracion Real Estate'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 )
=	13.252	/ (	(1.066	+	0.048)	/	2 )
=	13.252	/	0.557
=	23.79

Rentaoracion Real Estate (XMAD:REN) 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.

Rentaoracion Real Estate Receivables Turnover Related Terms

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Rentaoracion Real Estate (XMAD:REN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Renta Corporacion Real Estate SA (XMAD:REN) » Definitions » Receivables Turnover

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0FSJ:UK

Address

Via Augusta 252-260, 5th Floor, Barcelona, ESP, 08017

Website

https://www.rentacorporacion.com

Renta Corporacion Real Estate SA is engaged in the acquisition, added-value transformation, and sale of real estate properties. The Group's segment comprises Residential, Offices, Retail, Logistics, and Hotels. The majority of the firm's revenue gets derived from Real estate sales.