Collins Property Group (JSE:CPP) Receivables Turnover : 11.06 (As of Aug. 2023)

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What is Collins Property Group 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. Collins Property Group's Revenue for the six months ended in Aug. 2023 was R582 Mil. Collins Property Group's average Accounts Receivable for the six months ended in Aug. 2023 was R53 Mil. Hence, Collins Property Group's Receivables Turnover for the six months ended in Aug. 2023 was 11.06.

Collins Property Group Receivables Turnover Historical Data

The historical data trend for Collins Property Group'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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Collins Property Group Receivables Turnover Chart

Collins Property Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

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33.30

55.93

17.72

13.06

40.40

Collins Property Group Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial															4.11	5.87	6.67	7.80	11.06

Competitive Comparison of Collins Property Group's Receivables Turnover

For the Real Estate Services subindustry, Collins Property Group'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.

Collins Property Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Collins Property Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Collins Property Group's Receivables Turnover falls into.

Collins Property Group Receivables Turnover Calculation

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

Collins Property Group's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	1147.008	/ (	(40.133	+	16.644)	/	2 )
=	1147.008	/	28.3885
=	40.40

Collins Property Group's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	581.57	/ (	(16.644	+	88.5)	/	2 )
=	581.57	/	52.572
=	11.06

Collins Property Group (JSE:CPP) 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.

Collins Property Group Receivables Turnover Related Terms

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Collins Property Group (JSE:CPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Collins Property Group Ltd (JSE:CPP) » Definitions » Receivables Turnover

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Address

1 Richefond Circle, Ridgeside Office Park, Umhlanga, NL, ZAF, 4319

Website

https://www.tradehold.co.za

Collins Property Group Ltd operates as an investment holding company, with interests in real properties, service offices, and financial services. Its activities include the development and management of commercial and residential real estate. It operates through the following segments: Property Austria; Property Namibia; Property rest of Africa; Property South Africa and Other. Its revenue includes rental income, initiation fees, interest income, other fee income and service charges, and revenue from hotel operations.