Alony-Hetz Properties & Investments (XTAE:ALHE) Receivables Turnover : 3.41 (As of Dec. 2023)

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What is Alony-Hetz Properties & Investments 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. Alony-Hetz Properties & Investments's Revenue for the three months ended in Dec. 2023 was ₪471 Mil. Alony-Hetz Properties & Investments's average Accounts Receivable for the three months ended in Dec. 2023 was ₪138 Mil. Hence, Alony-Hetz Properties & Investments's Receivables Turnover for the three months ended in Dec. 2023 was 3.41.

Alony-Hetz Properties & Investments Receivables Turnover Historical Data

The historical data trend for Alony-Hetz Properties & Investments'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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Alony-Hetz Properties & Investments Receivables Turnover Chart

Alony-Hetz Properties & Investments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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19.68

18.86

15.63

16.35

16.07

Alony-Hetz Properties & Investments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.13	2.27	2.07	2.78	3.41

Competitive Comparison of Alony-Hetz Properties & Investments's Receivables Turnover

For the Real Estate Services subindustry, Alony-Hetz Properties & Investments'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.

Alony-Hetz Properties & Investments's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alony-Hetz Properties & Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alony-Hetz Properties & Investments's Receivables Turnover falls into.

Alony-Hetz Properties & Investments Receivables Turnover Calculation

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

Alony-Hetz Properties & Investments's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1744.615	/ (	(69.463	+	147.626)	/	2 )
=	1744.615	/	108.5445
=	16.07

Alony-Hetz Properties & Investments'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	471.033	/ (	(149.137	+	127.46)	/	2 )
=	471.033	/	138.2985
=	3.41

Alony-Hetz Properties & Investments (XTAE:ALHE) 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.

Alony-Hetz Properties & Investments Receivables Turnover Related Terms

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Alony-Hetz Properties & Investments (XTAE:ALHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alony-Hetz Properties & Investments Ltd (XTAE:ALHE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, ISR, 5250501

Website

https://www.alony-hetz.com

Alony-Hetz Properties & Investments Ltd is a real estate company that owns and operates commercial properties in Israel and overseas. Its strategy is to manage a large and diversified property portfolio in developing areas and mature markets. The company also purchases and develops real estate to support its rental operations. The type of real estate it manages includes office buildings, commercial centers, supermarkets, central business stations, and industrial parks. The company's largest property investments are based in Israel, followed by the United States, Switzerland, the United Kingdom, and other regions. It also develops and maintains renewable energy installations in Israel and Poland.

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