Gav-Yam Lands (XTAE:GVYM) Receivables Turnover : 25.04 (As of Jun. 2024)

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What is Gav-Yam Lands 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. Gav-Yam Lands's Revenue for the three months ended in Jun. 2024 was ₪196.7 Mil. Gav-Yam Lands's average Accounts Receivable for the three months ended in Jun. 2024 was ₪7.9 Mil. Hence, Gav-Yam Lands's Receivables Turnover for the three months ended in Jun. 2024 was 25.04.

Gav-Yam Lands Receivables Turnover Historical Data

The historical data trend for Gav-Yam Lands'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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Gav-Yam Lands Receivables Turnover Chart

Gav-Yam Lands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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27.63

11.07

12.62

49.09

97.36

Gav-Yam Lands 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															20.86	25.43	22.02	21.72	25.04

Competitive Comparison of Gav-Yam Lands's Receivables Turnover

For the Real Estate - Development subindustry, Gav-Yam Lands'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.

Gav-Yam Lands's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Gav-Yam Lands's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gav-Yam Lands's Receivables Turnover falls into.

Gav-Yam Lands Receivables Turnover Calculation

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

Gav-Yam Lands'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 )
=	757.256	/ (	(5.527	+	10.028)	/	2 )
=	757.256	/	7.7775
=	97.36

Gav-Yam Lands'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 )
=	196.744	/ (	(7.935	+	7.781)	/	2 )
=	196.744	/	7.858
=	25.04

Gav-Yam Lands (XTAE:GVYM) 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.

Gav-Yam Lands Receivables Turnover Related Terms

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Gav-Yam Lands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Gav-Yam Lands Corp Ltd (XTAE:GVYM) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

9 Andrei Sakharov Street, Matam Tower 1, P.O. Box 15041, Haifa, ISR, 31905

Website

https://www.gav-yam.co.il

Gav-Yam Lands Corp Ltd is an Israeli real estate company, engaged directly and through its subsidiaries in the initiation, planning, establishing, and managing of high-technology parks, industrial parks, commerce, and office buildings, logistics centers, and residential neighborhoods. The company has been involved in many commercial, industrial, and residential developments throughout Israel. The company's well-known projects include Gav-Yam Center Herzliya, a six-building complex, including an underground parking lot, Matam Park - Haifa, an international business & Hi-Tech park, Gav-Yam Park - Caesarea, a modern park designed to populate companies from various industries.

Gav-Yam Lands Headlines

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