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Melnick Desenvolvimento Imobiliario (BSP:MELK3) Receivables Turnover : 0.35 (As of Mar. 2024)


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What is Melnick Desenvolvimento Imobiliario 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. Melnick Desenvolvimento Imobiliario's Revenue for the three months ended in Mar. 2024 was R$245 Mil. Melnick Desenvolvimento Imobiliario's average Accounts Receivable for the three months ended in Mar. 2024 was R$694 Mil. Hence, Melnick Desenvolvimento Imobiliario's Receivables Turnover for the three months ended in Mar. 2024 was 0.35.


Melnick Desenvolvimento Imobiliario Receivables Turnover Historical Data

The historical data trend for Melnick Desenvolvimento Imobiliario'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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Melnick Desenvolvimento Imobiliario Receivables Turnover Chart

Melnick Desenvolvimento Imobiliario Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 1.57 1.86 2.06 2.36 2.10

Melnick Desenvolvimento Imobiliario Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.41 0.42 0.57 0.35

Competitive Comparison of Melnick Desenvolvimento Imobiliario's Receivables Turnover

For the Real Estate Services subindustry, Melnick Desenvolvimento Imobiliario'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.


Melnick Desenvolvimento Imobiliario's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melnick Desenvolvimento Imobiliario's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Melnick Desenvolvimento Imobiliario's Receivables Turnover falls into.



Melnick Desenvolvimento Imobiliario Receivables Turnover Calculation

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

Melnick Desenvolvimento Imobiliario'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 )
=1183.709 / ((419.707 + 709.843) / 2 )
=1183.709 / 564.775
=2.10

Melnick Desenvolvimento Imobiliario's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=245.143 / ((709.843 + 678.312) / 2 )
=245.143 / 694.0775
=0.35

* 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.


Melnick Desenvolvimento Imobiliario  (BSP:MELK3) 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.


Melnick Desenvolvimento Imobiliario Receivables Turnover Related Terms

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Melnick Desenvolvimento Imobiliario (BSP:MELK3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Carlos Trein Filho, 551 - Auxiliadora, Porto Alegre, RS, BRA
Melnick Desenvolvimento Imobiliario SA formerly Melnick Even Desenvolvimento Imobiliario SA operates in the real estate industry. The company is engaged in the business of real estate development and management in Brazil.

Melnick Desenvolvimento Imobiliario (BSP:MELK3) Headlines

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