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Bait Ve Gag Real Estate Development (XTAE:BVGG) Receivables Turnover : 1.22 (As of Dec. 2023)


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What is Bait Ve Gag Real Estate Development 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. Bait Ve Gag Real Estate Development's Revenue for the six months ended in Dec. 2023 was ₪52.1 Mil. Bait Ve Gag Real Estate Development's average Accounts Receivable for the six months ended in Dec. 2023 was ₪42.8 Mil. Hence, Bait Ve Gag Real Estate Development's Receivables Turnover for the six months ended in Dec. 2023 was 1.22.

Bait Ve Gag Real Estate Development Receivables Turnover Historical Data

The historical data trend for Bait Ve Gag Real Estate Development'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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Bait Ve Gag Real Estate Development Receivables Turnover Chart

Bait Ve Gag Real Estate Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 8.37 7.19 3.21

Bait Ve Gag Real Estate Development Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial 4.72 3.85 4.87 1.88 1.22

Competitive Comparison of Bait Ve Gag Real Estate Development's Receivables Turnover

For the Residential Construction subindustry, Bait Ve Gag Real Estate Development'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.

Bait Ve Gag Real Estate Development's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Bait Ve Gag Real Estate Development's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bait Ve Gag Real Estate Development's Receivables Turnover falls into.


Bait Ve Gag Real Estate Development Receivables Turnover Calculation

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

Bait Ve Gag Real Estate Development'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 )
=131.038 / ((39.991 + 41.534) / 2 )
=131.038 / 40.7625
=3.21

Bait Ve Gag Real Estate Development'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 )
=52.112 / ((44.11 + 41.534) / 2 )
=52.112 / 42.822
=1.22

* 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.

Bait Ve Gag Real Estate Development  (XTAE:BVGG) 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.

Bait Ve Gag Real Estate Development Receivables Turnover Related Terms

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Bait Ve Gag Real Estate Development (XTAE:BVGG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Bait Ve Gag Real Estate Development Ltd (XTAE:BVGG) » Definitions » Receivables Turnover
Comparable Companies
XTAE:ROTS XTAE:ALMA XTAE:RTSN XTAE:DUNI DHI LEN NVR PHM TSE:1928 TOL LSE:BKG LSE:BDEV LSE:TW. TSE:1911 MTH TSE:3291 TMHC LSE:PSN KBH TSE:1808
Traded in Other Exchanges
N/A
Address
17A, Abba Hillel street, Ramat Gan, ISR, 6971026
Website
https://www.baitvegag.co.il
Bait Ve Gag Real Estate Development Ltd is engaged in the planning, initiation, and execution of real estate projects comprising mainly urban renewal.

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