Axiom Properties (ASX:AXI) Receivables Turnover : 0.35 (As of Dec. 2023)

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What is Axiom 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. Axiom Properties's Revenue for the six months ended in Dec. 2023 was A$0.31 Mil. Axiom Properties's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.87 Mil. Hence, Axiom Properties's Receivables Turnover for the six months ended in Dec. 2023 was 0.35.

Axiom Properties Receivables Turnover Historical Data

The historical data trend for Axiom 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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Axiom Properties Receivables Turnover Chart

Axiom Properties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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13.15

13.41

2,126.18

Axiom 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															102.15	36.43	0.90	0.83	0.35

Competitive Comparison of Axiom Properties's Receivables Turnover

For the Real Estate - Diversified subindustry, Axiom 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.

Axiom Properties's Receivables Turnover Distribution in the Real Estate Industry

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

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

Axiom Properties Receivables Turnover Calculation

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

Axiom 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 )
=	1.997	/ (	(0	+	0)	/	1 )
=	1.997	/	0
=	N/A

Axiom 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 )
=	0.306	/ (	(0	+	0.867)	/	1 )
=	0.306	/	0.867
=	0.35

Axiom Properties (ASX:AXI) 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.

Axiom Properties Receivables Turnover Related Terms

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Axiom Properties (ASX:AXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Axiom Properties Ltd (ASX:AXI) » Definitions » Receivables Turnover

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Address

20 Leigh Street, Level 1, Leigh Chambers, Adelaide, SA, AUS, 5000

Website

https://www.axiompl.com.au

Axiom Properties Ltd is engaged in property development and investment business. Its principal objective is to create long term value for shareholders through creating a well-respected property development and investment company that consistently delivers above industry returns on capital. Its segments are Investment Property and Development. Some of its projects include Sixty2Currie, WorldPark 01, Glenlea, and others.

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