Abacus Storage King (ASX:ASK) Receivables Turnover : 4.56 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Abacus Storage King 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. Abacus Storage King's Revenue for the six months ended in Dec. 2023 was A$99.11 Mil. Abacus Storage King's average Accounts Receivable for the six months ended in Dec. 2023 was A$21.74 Mil. Hence, Abacus Storage King's Receivables Turnover for the six months ended in Dec. 2023 was 4.56.

Abacus Storage King Receivables Turnover Historical Data

The historical data trend for Abacus Storage King'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.

* Premium members only.

Abacus Storage King Receivables Turnover Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Receivables Turnover

41.10

32.79

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Receivables Turnover	-	-	6.04	4.56

Competitive Comparison of Abacus Storage King's Receivables Turnover

For the REIT - Industrial subindustry, Abacus Storage King'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.

Abacus Storage King's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Abacus Storage King's Receivables Turnover falls into.

Abacus Storage King Receivables Turnover Calculation

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

Abacus Storage King's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	151.904	/ (	(2.537	+	6.727)	/	2 )
=	151.904	/	4.632
=	32.79

Abacus Storage King'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	99.109	/ (	(22.5	+	20.984)	/	2 )
=	99.109	/	21.742
=	4.56

Abacus Storage King (ASX:ASK) 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.

Abacus Storage King Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Abacus Storage King's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

Abacus Storage King (ASX:ASK) Headlines

No Headlines