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Megureit Israel (XTAE:MGRT) Receivables Turnover : 10.51 (As of Sep. 2024)


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What is Megureit Israel 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. Megureit Israel's Revenue for the three months ended in Sep. 2024 was ₪17.72 Mil. Megureit Israel's average Accounts Receivable for the three months ended in Sep. 2024 was ₪1.69 Mil. Hence, Megureit Israel's Receivables Turnover for the three months ended in Sep. 2024 was 10.51.


Megureit Israel Receivables Turnover Historical Data

The historical data trend for Megureit Israel'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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Megureit Israel Receivables Turnover Chart

Megureit Israel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 224.71 15.39 14.73 36.84 71.96

Megureit Israel Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.87 1.53 11.36 9.09 10.51

Competitive Comparison of Megureit Israel's Receivables Turnover

For the REIT - Diversified subindustry, Megureit Israel'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.


Megureit Israel's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Megureit Israel's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Megureit Israel's Receivables Turnover falls into.



Megureit Israel Receivables Turnover Calculation

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

Megureit Israel'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 )
=57.536 / ((0.691 + 0.908) / 2 )
=57.536 / 0.7995
=71.96

Megureit Israel's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=17.724 / ((1.727 + 1.645) / 2 )
=17.724 / 1.686
=10.51

* 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.


Megureit Israel  (XTAE:MGRT) 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.


Megureit Israel Receivables Turnover Related Terms

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Megureit Israel Business Description

Traded in Other Exchanges
N/A
Address
Derech Aba Hillel 12, Ramat Gan, ISR, 5250606
Website
Megureit Israel Ltd is a real estate investment fund. The company invests majorly in residential apartments for rent, offices, and commercial centers.

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