Reit Azorim - H.F Living (XTAE:AZRT) Receivables Turnover : 0.59 (As of Mar. 2024)

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What is Reit Azorim - H.F Living 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. Reit Azorim - H.F Living's Revenue for the three months ended in Mar. 2024 was ₪14.94 Mil. Reit Azorim - H.F Living's average Accounts Receivable for the three months ended in Mar. 2024 was ₪25.36 Mil. Hence, Reit Azorim - H.F Living's Receivables Turnover for the three months ended in Mar. 2024 was 0.59.

Reit Azorim - H.F Living Receivables Turnover Historical Data

The historical data trend for Reit Azorim - H.F Living'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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Reit Azorim - H.F Living Receivables Turnover Chart

Reit Azorim - H.F Living Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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161.40

59.73

78.72

85.07

5.68

Reit Azorim - H.F Living 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															0.88	0.48	0.68	0.89	0.59

Competitive Comparison of Reit Azorim - H.F Living's Receivables Turnover

For the REIT - Diversified subindustry, Reit Azorim - H.F Living'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.

Reit Azorim - H.F Living's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Reit Azorim - H.F Living's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Reit Azorim - H.F Living's Receivables Turnover falls into.

Reit Azorim - H.F Living Receivables Turnover Calculation

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

Reit Azorim - H.F Living'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 )
=	58.099	/ (	(0.905	+	19.565)	/	2 )
=	58.099	/	10.235
=	5.68

Reit Azorim - H.F Living'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 )
=	14.944	/ (	(19.565	+	31.157)	/	2 )
=	14.944	/	25.361
=	0.59

Reit Azorim - H.F Living (XTAE:AZRT) 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.

Reit Azorim - H.F Living Receivables Turnover Related Terms

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Reit Azorim - H.F Living (XTAE:AZRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Reit Azorim - H.F Living Ltd (XTAE:AZRT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

32 Arnia Street, Tel Aviv, ISR

Website

http://www.living-il.co.il

Reit Azorim - H.F Living Ltd is REIT Fund in Israel that focuses on profitable properties In the field Of rental housing in the various segments, with the aim of producing wide portfolio of self-distributing properties.. It offers long-term rental apartments and new apartments, directly from real estate company. The company's activity focuses on the yielding residential real estate sector in Israel, that is, the purchase and construction of residential apartments and real estate assets associated with them such as: commercial areas, shops, etc., their rental and the provision of services related to their rental.

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