Assura (LSE:AGR) Receivables Turnover : 2.65 (As of Sep. 2023)

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What is Assura 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. Assura's Revenue for the six months ended in Sep. 2023 was £78.0 Mil. Assura's average Accounts Receivable for the six months ended in Sep. 2023 was £29.4 Mil. Hence, Assura's Receivables Turnover for the six months ended in Sep. 2023 was 2.65.

Assura Receivables Turnover Historical Data

The historical data trend for Assura'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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Assura Receivables Turnover Chart

Assura Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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11.38

10.28

7.74

8.37

8.87

Assura Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															3.03	3.57	3.55	3.11	2.65

Competitive Comparison of Assura's Receivables Turnover

For the REIT - Healthcare Facilities subindustry, Assura'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.

Assura's Receivables Turnover Distribution in the REITs Industry

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

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

Assura Receivables Turnover Calculation

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

Assura's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	150.4	/ (	(14.3	+	19.6)	/	2 )
=	150.4	/	16.95
=	8.87

Assura's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	78	/ (	(19.6	+	39.2)	/	2 )
=	78	/	29.4
=	2.65

Assura (LSE:AGR) 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.

Assura Receivables Turnover Related Terms

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Assura (LSE:AGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Assura PLC (LSE:AGR) » Definitions » Receivables Turnover

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ARSSF:USA AGRl:UK

Address

3 Barrington Road, Altrincham, GBR, WA14 1GY

Website

https://www.assuraplc.com

Assura PLC is a healthcare facility REIT. The company operates one segment that develops, owns, and manages primary-care properties. All the company's revenue is generated in the United Kingdom. Assura seeks properties that are characterized by a secure and predictable income stream with an underpinning of inflation linkage. The company considers merger and acquisition investment to be a component of its operational growth strategy. It engages in relationship-building with general practitioners to secure investment opportunities.