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Novavest Real Estate AG (XSWX:NREN) Receivables Turnover : 2.41 (As of Dec. 2023)


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What is Novavest Real Estate AG 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. Novavest Real Estate AG's Revenue for the six months ended in Dec. 2023 was CHF14.57 Mil. Novavest Real Estate AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF6.04 Mil. Hence, Novavest Real Estate AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.41.

Novavest Real Estate AG Receivables Turnover Historical Data

The historical data trend for Novavest Real Estate 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.

* Premium members only.

Novavest Real Estate AG Receivables Turnover Chart

Novavest Real Estate AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.99 6.27 5.73 5.82 5.44

Novavest Real Estate AG Semi-Annual Data
Dec14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 3.09 3.07 2.64 2.41

Competitive Comparison of Novavest Real Estate AG's Receivables Turnover

For the Real Estate - Diversified subindustry, Novavest Real Estate 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.

Novavest Real Estate AG's Receivables Turnover Distribution in the Real Estate Industry

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

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


Novavest Real Estate AG Receivables Turnover Calculation

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

Novavest Real Estate AG'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 )
=29.86 / ((5.253 + 5.729) / 2 )
=29.86 / 5.491
=5.44

Novavest Real Estate AG'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 )
=14.567 / ((6.343 + 5.729) / 2 )
=14.567 / 6.036
=2.41

* 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.

Novavest Real Estate AG  (XSWX:NREN) 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.

Novavest Real Estate AG Receivables Turnover Related Terms

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Novavest Real Estate AG (XSWX:NREN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Novavest Real Estate AG (XSWX:NREN) » Definitions » Receivables Turnover
Comparable Companies
XSWX:HIAG ASX:GMG TSE:8801 TSE:8802 PHS:SMPH HKSE:00012 ASX:LLC BKK:CPN TSE:1878 SHSE:600515 SHSE:600415 MIC:PIKK VESTA OSTO:BALD B HKSE:00017 TSE:3289 TSE:3288 BOM:503100 BOM:533274 JSE:NRP
Traded in Other Exchanges
NRENz:UK
Address
Feldeggstrasse 26, Zurich, CHE, 8008
Website
https://www.novavest.ch
Novavest Real Estate AG is a Swiss real estate company. It is engaged in construction, acquisition, sale, holding, conversion and management of all types of real estate in theSwitzerland. The company manages and develops properties for residential use, office and commercial use as well as on new construction projects.

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