Vonovia SE (CHIX:VNAD) Receivables Turnover : 1.60 (As of Dec. 2023)

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What is Vonovia SE 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. Vonovia SE's Revenue for the three months ended in Dec. 2023 was €811 Mil. Vonovia SE's average Accounts Receivable for the three months ended in Dec. 2023 was €507 Mil. Hence, Vonovia SE's Receivables Turnover for the three months ended in Dec. 2023 was 1.60.

Vonovia SE Receivables Turnover Historical Data

The historical data trend for Vonovia SE'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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Vonovia SE Receivables Turnover Chart

Vonovia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.05

14.52

11.53

17.95

13.87

Vonovia SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.51	6.93	4.91	3.53	1.60

Competitive Comparison of Vonovia SE's Receivables Turnover

For the Real Estate Services subindustry, Vonovia SE'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.

Vonovia SE's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Vonovia SE's Receivables Turnover falls into.

Vonovia SE Receivables Turnover Calculation

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

Vonovia SE'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 )
=	5228.5	/ (	(161	+	593.2)	/	2 )
=	5228.5	/	377.1
=	13.87

Vonovia SE'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	810.8	/ (	(421.7	+	593.2)	/	2 )
=	810.8	/	507.45
=	1.60

Vonovia SE (CHIX:VNAd) 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.

Vonovia SE Receivables Turnover Related Terms

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Vonovia SE (CHIX:VNAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vonovia SE (CHIX:VNAd) » Definitions » Receivables Turnover

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VONOY:USA VNNVF:USA VNA:Mexico VNA:Italy 0QFT:UK VNA:Germany VNA:Austria

Address

Universitatsstrasse 133, Bochum, DEU, 44803

Website

https://www.vonovia.de

Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. Furthermore, it is responsible for the control and monitoring systems as well as risk management. Operations are split into three units: rental, extension, and sales. Outside of extension and rental services, Vonovia's sales activities include managing its portfolio and real estate sales from any of its subportfolios.

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