Altarea SCA (Altarea SCA) Receivables Turnover : 3.53 (As of Jun. 2023)

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What is Altarea SCA 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. Altarea SCA's Revenue for the six months ended in Jun. 2023 was $1,325 Mil. Altarea SCA's average Accounts Receivable for the six months ended in Jun. 2023 was $375 Mil. Hence, Altarea SCA's Receivables Turnover for the six months ended in Jun. 2023 was 3.53.

Altarea SCA Receivables Turnover Historical Data

The historical data trend for Altarea SCA'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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Altarea SCA Receivables Turnover Chart

Altarea SCA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.32

9.98

8.51

8.33

4.22

Altarea SCA 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															3.79	4.03	4.59	3.53	2.26

Competitive Comparison of Altarea SCA's Receivables Turnover

For the REIT - Residential subindustry, Altarea SCA'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.

Altarea SCA's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Altarea SCA's Receivables Turnover falls into.

Altarea SCA Receivables Turnover Calculation

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

Altarea SCA's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	3134.322	/ (	(384.972	+	367.797)	/	2 )
=	3134.322	/	376.3845
=	8.33

Altarea SCA's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	1325.027	/ (	(367.797	+	382.665)	/	2 )
=	1325.027	/	375.231
=	3.53

Altarea SCA (OTCPK:ATRRF) 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.

Altarea SCA Receivables Turnover Related Terms

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Altarea SCA (Altarea SCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Altarea SCA (OTCPK:ATRRF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ALTAp:UK ALTA:France XAL:Germany XAL:Germany

Address

8 avenue Delcasse, Paris, FRA, 75008

Website

https://www.altarea.com

Altarea SCA is a real estate investment trust primarily engaged in the acquisition, development, and management of properties throughout Western and Southern Europe. The company's real estate portfolio is composed of residential, retail, office, and mixed-use spaces. Altarea derives the majority of its revenue from rental income related to the leasing of its real estate assets. The company's entry-level and midrange residential apartment properties generate most of this income. In terms of geography, the vast majority of Altarea's revenue comes from its holdings in France's major urban areas, such as the Greater Paris region.

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