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Mivne Real Estate (K.D) (XTAE:MVNE) Receivables Turnover : 12.15 (As of Sep. 2024)


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What is Mivne Real Estate (K.D) 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. Mivne Real Estate (K.D)'s Revenue for the three months ended in Sep. 2024 was ₪381 Mil. Mivne Real Estate (K.D)'s average Accounts Receivable for the three months ended in Sep. 2024 was ₪31 Mil. Hence, Mivne Real Estate (K.D)'s Receivables Turnover for the three months ended in Sep. 2024 was 12.15.

Mivne Real Estate (K.D) Receivables Turnover Historical Data

The historical data trend for Mivne Real Estate (K.D)'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.

* Premium members only.

Mivne Real Estate (K.D) Receivables Turnover Chart

Mivne Real Estate (K.D) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.66 24.11 28.02 35.77 39.68

Mivne Real Estate (K.D) 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 11.06 10.01 10.05 11.64 12.15

Competitive Comparison of Mivne Real Estate (K.D)'s Receivables Turnover

For the Real Estate Services subindustry, Mivne Real Estate (K.D)'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.

Mivne Real Estate (K.D)'s Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mivne Real Estate (K.D)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mivne Real Estate (K.D)'s Receivables Turnover falls into.


Mivne Real Estate (K.D) Receivables Turnover Calculation

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

Mivne Real Estate (K.D)'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 )
=1194.402 / ((29.423 + 30.776) / 2 )
=1194.402 / 30.0995
=39.68

Mivne Real Estate (K.D)'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 )
=381.331 / ((30.895 + 31.878) / 2 )
=381.331 / 31.3865
=12.15

* 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.

Mivne Real Estate (K.D)  (XTAE:MVNE) 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.

Mivne Real Estate (K.D) Receivables Turnover Related Terms

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Mivne Real Estate (K.D) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mivne Real Estate (K.D) Ltd (XTAE:MVNE) » Definitions » Receivables Turnover
Comparable Companies
XTAE:ARPT XTAE:BIG XTAE:AMOT XTAE:AFPR XTAE:ISRS XTAE:ALHE XTAE:SMT XTAE:VILR XTAE:MLSR XTAE:BLSR CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 OSTO:AKEL D SGX:9CI HKSE:01997 MIL:INW
Traded in Other Exchanges
N/A
Address
7 Totzeret Haaretz Street, Tel Aviv, ISR, 9212
Website
https://www.mivnegroup.co.il
Mivne Real Estate (K.D) Ltd has two segments which are cash-generating properties that engage, by themselves and through its investees, in varied real estate activity centering on Israel; the Residential real estate development field is active in the development of residential real estate in Israel including locating, initiating, planning, developing, building, marketing and selling residential construction in Israel, and Others.

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