Acsion (JSE:ACS) Receivables Turnover : 46.92 (As of Aug. 2023)

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What is Acsion 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. Acsion's Revenue for the six months ended in Aug. 2023 was R692 Mil. Acsion's average Accounts Receivable for the six months ended in Aug. 2023 was R15 Mil. Hence, Acsion's Receivables Turnover for the six months ended in Aug. 2023 was 46.92.

Acsion Receivables Turnover Historical Data

The historical data trend for Acsion'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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Acsion Receivables Turnover Chart

Acsion Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

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63.67

53.19

32.63

38.16

61.59

Acsion Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial												7.70	11.92	16.64	17.47	46.92

Competitive Comparison of Acsion's Receivables Turnover

For the Real Estate - Development subindustry, Acsion'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.

Acsion's Receivables Turnover Distribution in the Real Estate Industry

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

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

Acsion Receivables Turnover Calculation

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

Acsion's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	1185.404	/ (	(19.018	+	19.473)	/	2 )
=	1185.404	/	19.2455
=	61.59

Acsion's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	692.25	/ (	(19.473	+	10.036)	/	2 )
=	692.25	/	14.7545
=	46.92

Acsion (JSE:ACS) 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.

Acsion Receivables Turnover Related Terms

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Acsion (JSE:ACS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Acsion Ltd (JSE:ACS) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Corner Rooihuiskraal and Hendrik Verwoerd Drives, Mall Reds, 1st Floor, Rooihuiskraal Ext 15, Centurion, ZAF, 0157

Website

https://www.acsionsa.co.za

Acsion Ltd is a property development company. The company has three main reportable segments which are, South African property operations, South African hospitality operations, and Foreign property operations. The company generates majority of its revenue from the South African property operations segment. Geographically, the company's majority of the activities are based in South Africa and Cyprus with a substantial part of its revenue being generated from its operations in South Africa.

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