AFI Properties (XTAE:AFPR) Receivables Turnover : 1.70 (As of Jun. 2024)

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What is AFI Properties 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. AFI Properties's Revenue for the three months ended in Jun. 2024 was ₪370 Mil. AFI Properties's average Accounts Receivable for the three months ended in Jun. 2024 was ₪218 Mil. Hence, AFI Properties's Receivables Turnover for the three months ended in Jun. 2024 was 1.70.

AFI Properties Receivables Turnover Historical Data

The historical data trend for AFI Properties'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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AFI Properties Receivables Turnover Chart

AFI Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.94

23.57

21.33

18.65

17.36

AFI Properties Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															5.19	1.58	1.66	3.93	1.70

Competitive Comparison of AFI Properties's Receivables Turnover

For the Real Estate Services subindustry, AFI Properties'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.

AFI Properties's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where AFI Properties's Receivables Turnover falls into.

AFI Properties Receivables Turnover Calculation

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

AFI Properties'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 )
=	1372.331	/ (	(68.013	+	90.051)	/	2 )
=	1372.331	/	79.032
=	17.36

AFI Properties's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	370.277	/ (	(84.845	+	352.015)	/	2 )
=	370.277	/	218.43
=	1.70

AFI Properties (XTAE:AFPR) 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.

AFI Properties Receivables Turnover Related Terms

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AFI Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AFI Properties Ltd (XTAE:AFPR) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

4 Derech Hahoresh Street, Yehud, ISR

Website

http://prop.afi-g.com

AFI Properties Ltd is a real estate developer which initiates, constructs, rents and operates industrial buildings, offices, and commercial properties in Israel and Europe. The company also develops residential projects in Europe. The company's commercial buildings include Beit Harofim, Vertex House, The Main Commercial Center and Stage Center. Its shopping malls consist of Lev Hamoshava at City Center, Lev Talpiot, The Panorama Center and Big Fashion. Its offices portfolio includes Psagot Tower, Concorde Tower and AFI Square-Tel Aviv. Its logistic parks include Rehovot Science Park, Global Park Lod, Weitzmann Science Park and Migdal HaEmek Science Park.

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