Seritage Growth Properties (FRA:1D3) Receivables Turnover : 0.52 (As of Mar. 2024)

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What is Seritage Growth 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. Seritage Growth Properties's Revenue for the three months ended in Mar. 2024 was €5.31 Mil. Seritage Growth Properties's average Accounts Receivable for the three months ended in Mar. 2024 was €10.17 Mil. Hence, Seritage Growth Properties's Receivables Turnover for the three months ended in Mar. 2024 was 0.52.

Seritage Growth Properties Receivables Turnover Historical Data

The historical data trend for Seritage Growth 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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Seritage Growth Properties Receivables Turnover Chart

Seritage Growth Properties Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.73

2.19

3.22

3.11

0.76

Seritage Growth Properties 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															0.02	0.24	0.24	0.55	0.52

Competitive Comparison of Seritage Growth Properties's Receivables Turnover

For the REIT - Retail subindustry, Seritage Growth 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.

Seritage Growth Properties's Receivables Turnover Distribution in the REITs Industry

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

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

Seritage Growth Properties Receivables Turnover Calculation

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

Seritage Growth Properties'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 )
=	19.054	/ (	(39.171	+	11.23)	/	2 )
=	19.054	/	25.2005
=	0.76

Seritage Growth Properties'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 )
=	5.311	/ (	(11.23	+	9.114)	/	2 )
=	5.311	/	10.172
=	0.52

Seritage Growth Properties (FRA:1D3) 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.

Seritage Growth Properties Receivables Turnover Related Terms

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Seritage Growth Properties (FRA:1D3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (FRA:1D3) » Definitions » Receivables Turnover

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SRGpA.PFD:USA SRG:USA

Address

500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110

Website

https://www.seritage.com

Seritage Growth Properties is engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.

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