Dawn Properties (XZIM:DAWN.ZW) Receivables Turnover : 6.90 (As of Jun. 2020)

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What is Dawn Properties 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. Dawn Properties's Revenue for the six months ended in Jun. 2020 was ZWL58.91 Mil. Dawn Properties's average Accounts Receivable for the six months ended in Jun. 2020 was ZWL8.54 Mil. Hence, Dawn Properties's Receivables Turnover for the six months ended in Jun. 2020 was 6.90.

Dawn Properties Receivables Turnover Historical Data

The historical data trend for Dawn Properties'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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Dawn Properties Receivables Turnover Chart

Dawn Properties Annual Data

Trend

Mar09

Mar11

Mar12

Dec18

Dec19

Receivables Turnover

5.86

7.09

Dawn Properties Semi-Annual Data
	Mar09	Mar11	Sep11	Mar12	Sep12	Jun18	Dec18	Jun19	Dec19	Jun20
Receivables Turnover	Get a 7-Day Free Trial					-	5.60	10.06	-	6.90

Competitive Comparison of Dawn Properties's Receivables Turnover

For the Real Estate Services subindustry, Dawn Properties'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.

Dawn Properties's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dawn Properties's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dawn Properties's Receivables Turnover falls into.

Dawn Properties Receivables Turnover Calculation

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

Dawn Properties's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	66.544	/ (	(11.819	+	6.944)	/	2 )
=	66.544	/	9.3815
=	7.09

Dawn Properties's Receivables Turnover for the quarter that ended in Jun. 2020 is calculated as

	Receivables Turnover (Q: Jun. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2020 )	/ (	(Accounts Receivable (Q: Dec. 2019 )	+	Accounts Receivable (Q: Jun. 2020 ))	/	count )
=	58.911	/ (	(6.944	+	10.136)	/	2 )
=	58.911	/	8.54
=	6.90

Dawn Properties (XZIM:DAWN.ZW) 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.

Dawn Properties Receivables Turnover Related Terms

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Dawn Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dawn Properties Ltd (XZIM:DAWN.ZW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

100 Nelson Mandela Avenue, 8th Floor, Beverley Court, Harare, ZWE

Website

http://www.dawnpropertieslimited.co.zw

Dawn Properties Ltd is a Zimbabwe-based company which operates in the Real Estate industry. The company's operating segment includes Property investments; Property consultancy and Property development. Property investments segment principal business is that of investing in investment properties in the form of seven hotel properties and tracts of land. It generates maximum revenue from the Property investments in the form of rental income from lessees and property valuation, management, and consultancy services.

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