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Hagag Europe Development Z.F (XTAE:HGGE) Receivables Turnover : 0.69 (As of Dec. 2024)


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What is Hagag Europe Development Z.F 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. Hagag Europe Development Z.F's Revenue for the three months ended in Dec. 2024 was ₪4.02 Mil. Hagag Europe Development Z.F's average Accounts Receivable for the three months ended in Dec. 2024 was ₪5.86 Mil. Hence, Hagag Europe Development Z.F's Receivables Turnover for the three months ended in Dec. 2024 was 0.69.


Hagag Europe Development Z.F Receivables Turnover Historical Data

The historical data trend for Hagag Europe Development Z.F'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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Hagag Europe Development Z.F Receivables Turnover Chart

Hagag Europe Development Z.F Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 0.11 10.24 7.11 2.82 1.90

Hagag Europe Development Z.F Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only 0.71 0.62 2.57 2.52 0.69

Competitive Comparison of Hagag Europe Development Z.F's Receivables Turnover

For the Real Estate - Development subindustry, Hagag Europe Development Z.F'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.


Hagag Europe Development Z.F's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hagag Europe Development Z.F's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hagag Europe Development Z.F's Receivables Turnover falls into.


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Hagag Europe Development Z.F Receivables Turnover Calculation

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

Hagag Europe Development Z.F's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=19.369 / ((9.843 + 10.531) / 2 )
=19.369 / 10.187
=1.90

Hagag Europe Development Z.F's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=4.022 / ((1.189 + 10.531) / 2 )
=4.022 / 5.86
=0.69

* 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.


Hagag Europe Development Z.F  (XTAE:HGGE) 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.


Hagag Europe Development Z.F Receivables Turnover Related Terms

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Hagag Europe Development Z.F Business Description

Traded in Other Exchanges
N/A
Address
30-28 Street, The Four Towers, North Building 28th Floor, Tel Aviv, ISR
Hagag Europe Development Z.F Ltd is engaged in entrepreneurial real estate and investment real estate in Romania. Its projects includes H Pipera Lake, and H Pipera Forest, H Victoriei 139 among others.

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