First Mutual Properties (XZIM:FMP.ZW) Receivables Turnover : 4.79 (As of Jun. 2023)

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What is First Mutual 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. First Mutual Properties's Revenue for the six months ended in Jun. 2023 was ZWL8,026 Mil. First Mutual Properties's average Accounts Receivable for the six months ended in Jun. 2023 was ZWL1,676 Mil. Hence, First Mutual Properties's Receivables Turnover for the six months ended in Jun. 2023 was 4.79.

First Mutual Properties Receivables Turnover Historical Data

The historical data trend for First Mutual 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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First Mutual Properties Receivables Turnover Chart

First Mutual Properties Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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0.27

22.96

11.11

13.54

7.71

First Mutual Properties Semi-Annual Data
	Jun09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial										9.36	9.26	21.93	-	4.79

Competitive Comparison of First Mutual Properties's Receivables Turnover

For the Real Estate Services subindustry, First Mutual 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.

First Mutual Properties's Receivables Turnover Distribution in the Real Estate Industry

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

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

First Mutual Properties Receivables Turnover Calculation

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

First Mutual Properties's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2900.532	/ (	(243.844	+	508.605)	/	2 )
=	2900.532	/	376.2245
=	7.71

First Mutual Properties's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	8025.873	/ (	(508.605	+	2842.68)	/	2 )
=	8025.873	/	1675.6425
=	4.79

First Mutual Properties (XZIM:FMP.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.

First Mutual Properties Receivables Turnover Related Terms

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First Mutual Properties (XZIM:FMP.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Mutual Properties Ltd (XZIM:FMP.ZW) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. The retail segment acquires, develops and leases shops, and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe.

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