Growthpoint Properties (Growthpoint Properties) Receivables Turnover : 7.44 (As of Dec. 2023)

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What is Growthpoint Properties 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. Growthpoint Properties's Revenue for the six months ended in Dec. 2023 was $382.2 Mil. Growthpoint Properties's average Accounts Receivable for the six months ended in Dec. 2023 was $51.4 Mil. Hence, Growthpoint Properties's Receivables Turnover for the six months ended in Dec. 2023 was 7.44.

Growthpoint Properties Receivables Turnover Historical Data

The historical data trend for Growthpoint Properties'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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Growthpoint Properties Receivables Turnover Chart

Growthpoint Properties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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239.26

41.09

29.41

36.40

64.52

Growthpoint Properties 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															4.65	5.49	6.98	6.70	7.44

Competitive Comparison of Growthpoint Properties's Receivables Turnover

For the REIT - Diversified subindustry, Growthpoint Properties'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.

Growthpoint Properties's Receivables Turnover Distribution in the REITs Industry

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

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

Growthpoint Properties Receivables Turnover Calculation

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

Growthpoint Properties'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 )
=	733.003	/ (	(13.279	+	9.443)	/	2 )
=	733.003	/	11.361
=	64.52

Growthpoint Properties'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 )
=	382.176	/ (	(9.443	+	93.33)	/	2 )
=	382.176	/	51.3865
=	7.44

Growthpoint Properties (OTCPK:GWWTF) 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.

Growthpoint Properties Receivables Turnover Related Terms

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Growthpoint Properties (Growthpoint Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Growthpoint Properties Ltd (OTCPK:GWWTF) » Definitions » Receivables Turnover

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GRT:South Africa

Address

The Place, 1 Sandton Drive, PO Box 78949, Sandton, GT, ZAF, 2196

Website

https://www.growthpoint.co.za

Growthpoint Properties Ltd is a property investment holding company engaged in the ownership of a variety of properties in South Africa and Australia. The company generates majority of its revenue from the Retail and office segments. These buildings, which are mainly office parks and low rises, are also Growthpoint's maximum valuable real estate assets. The operating segments of the company include Retail, Office, Industrial, Trading and Development, V&A Waterfront, Healthcare (GHPH), Student Accommodation (GSAH), Lango, GWI, GOZ and C&R.