Olimpo Real Estate Portugal SIGI (XLIS:MLORE) Receivables Turnover : 50.23 (As of Dec. 2023)

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What is Olimpo Real Estate Portugal SIGI 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. Olimpo Real Estate Portugal SIGI's Revenue for the six months ended in Dec. 2023 was €2.61 Mil. Olimpo Real Estate Portugal SIGI's average Accounts Receivable for the six months ended in Dec. 2023 was €0.05 Mil. Hence, Olimpo Real Estate Portugal SIGI's Receivables Turnover for the six months ended in Dec. 2023 was 50.23.

Olimpo Real Estate Portugal SIGI Receivables Turnover Historical Data

The historical data trend for Olimpo Real Estate Portugal SIGI'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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Olimpo Real Estate Portugal SIGI Receivables Turnover Chart

Olimpo Real Estate Portugal SIGI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

43.18

31.05

40.46

Olimpo Real Estate Portugal SIGI Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			40.78	37.23	19.53	29.91	50.23

Competitive Comparison of Olimpo Real Estate Portugal SIGI's Receivables Turnover

For the REIT - Diversified subindustry, Olimpo Real Estate Portugal SIGI'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.

Olimpo Real Estate Portugal SIGI's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Olimpo Real Estate Portugal SIGI's Receivables Turnover falls into.

Olimpo Real Estate Portugal SIGI Receivables Turnover Calculation

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

Olimpo Real Estate Portugal SIGI'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 )
=	5.199	/ (	(0.163	+	0.094)	/	2 )
=	5.199	/	0.1285
=	40.46

Olimpo Real Estate Portugal SIGI'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 )
=	2.612	/ (	(0.01	+	0.094)	/	2 )
=	2.612	/	0.052
=	50.23

Olimpo Real Estate Portugal SIGI (XLIS:MLORE) 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.

Olimpo Real Estate Portugal SIGI Receivables Turnover Related Terms

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Olimpo Real Estate Portugal SIGI (XLIS:MLORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Olimpo Real Estate Portugal SIGI SA (XLIS:MLORE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lugar do Espido, Via Norte, Miaia, PRT, 4471-909

Website

https://www.ores-portugal.com

Olimpo Real Estate Portugal SIGI SA is a real estate investment and asset management company. The company's objectives are to acquire offices and commercial real estate assets with long-term growth potential in the Portuguese and Spanish markets.

Olimpo Real Estate Portugal SIGI (XLIS:MLORE) Headlines

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