Arena REIT (ASX:ARF) Receivables Turnover : 10.25 (As of Dec. 2023)

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What is Arena REIT 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. Arena REIT's Revenue for the six months ended in Dec. 2023 was A$47.03 Mil. Arena REIT's average Accounts Receivable for the six months ended in Dec. 2023 was A$4.59 Mil. Hence, Arena REIT's Receivables Turnover for the six months ended in Dec. 2023 was 10.25.

Arena REIT Receivables Turnover Historical Data

The historical data trend for Arena REIT'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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Arena REIT Receivables Turnover Chart

Arena REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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247.14

62.73

52.24

82.77

97.52

Arena REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															18.34	20.75	12.42	12.12	10.25

Competitive Comparison of Arena REIT's Receivables Turnover

For the REIT - Specialty subindustry, Arena REIT'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.

Arena REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Arena REIT's Receivables Turnover falls into.

Arena REIT Receivables Turnover Calculation

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

Arena REIT's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	92.641	/ (	(0.989	+	0.911)	/	2 )
=	92.641	/	0.95
=	97.52

Arena REIT's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	47.027	/ (	(0.911	+	8.263)	/	2 )
=	47.027	/	4.587
=	10.25

Arena REIT (ASX:ARF) 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.

Arena REIT Receivables Turnover Related Terms

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Arena REIT (ASX:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Arena REIT (ASX:ARF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

8 Exhibition Street, Level 32, Melbourne, VIC, AUS, 3000

Website

https://www.arena.com.au

Arena REIT is a childcare centre-focused real estate investment trust, or REIT, in Australia. The trust owns a portfolio of more than 230 long day care centres in Australia which provide preschool care for children aged from 0 to 5 years. Arena also owns 10 healthcare centres but childcare comprises majority of its portfolio based on property value. The Australian childcare and healthcare sectors both receive a significant amount of government funding which they expect to continue due to the essential nature of the services they provide.

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