Newmark Property REIT (ASX:NPR) Receivables Turnover : 101.72 (As of Dec. 2023)

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What is Newmark Property REIT 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. Newmark Property REIT's Revenue for the six months ended in Dec. 2023 was A$17.39 Mil. Newmark Property REIT's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.17 Mil. Hence, Newmark Property REIT's Receivables Turnover for the six months ended in Dec. 2023 was 101.72.

Newmark Property REIT Receivables Turnover Historical Data

The historical data trend for Newmark Property REIT'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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Newmark Property REIT Receivables Turnover Chart

Newmark Property REIT Annual Data

Trend

Jun22

Jun23

Receivables Turnover

37.82

66.02

Newmark Property REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	404.84	41.39	11.22	15.22	101.72

Competitive Comparison of Newmark Property REIT's Receivables Turnover

For the REIT - Diversified subindustry, Newmark Property REIT'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.

Newmark Property REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Newmark Property REIT's Receivables Turnover falls into.

Newmark Property REIT Receivables Turnover Calculation

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

Newmark Property REIT'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 )
=	28.786	/ (	(0.621	+	0.251)	/	2 )
=	28.786	/	0.436
=	66.02

Newmark Property REIT'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 )
=	17.394	/ (	(0.251	+	0.091)	/	2 )
=	17.394	/	0.171
=	101.72

Newmark Property REIT (ASX:NPR) 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.

Newmark Property REIT Receivables Turnover Related Terms

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Newmark Property REIT (ASX:NPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Newmark Property REIT (ASX:NPR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

644 Chapel Street, Como Centre, Level 17, South Yarra, Yarra, VIC, AUS, 3141

Website

https://www.newmarkcapital.com.au

Newmark Property REIT is a real estate investment trust. It offers investors access to Australian hardware and large-format retail properties. The group receives the majority of its revenue through rental income.

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