Accelerate Property Fund (JSE:APF) Receivables Turnover : 0.59 (As of Sep. 2023)

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What is Accelerate Property Fund 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. Accelerate Property Fund's Revenue for the six months ended in Sep. 2023 was R415.9 Mil. Accelerate Property Fund's average Accounts Receivable for the six months ended in Sep. 2023 was R710.8 Mil. Hence, Accelerate Property Fund's Receivables Turnover for the six months ended in Sep. 2023 was 0.59.

Accelerate Property Fund Receivables Turnover Historical Data

The historical data trend for Accelerate Property Fund'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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Accelerate Property Fund Receivables Turnover Chart

Accelerate Property Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.55

4.82

3.23

2.89

2.32

Accelerate Property Fund Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.06	0.81	0.62	0.71	0.59

Competitive Comparison of Accelerate Property Fund's Receivables Turnover

For the REIT - Retail subindustry, Accelerate Property Fund'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.

Accelerate Property Fund's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Accelerate Property Fund's Receivables Turnover falls into.

Accelerate Property Fund Receivables Turnover Calculation

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

Accelerate Property Fund's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	871.824	/ (	(400.203	+	351.883)	/	2 )
=	871.824	/	376.043
=	2.32

Accelerate Property Fund's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	415.916	/ (	(351.883	+	1069.715)	/	2 )
=	415.916	/	710.799
=	0.59

Accelerate Property Fund (JSE:APF) 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.

Accelerate Property Fund Receivables Turnover Related Terms

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Accelerate Property Fund (JSE:APF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Accelerate Property Fund Ltd (JSE:APF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055

Website

https://www.acceleratepf.co.za

Accelerate Property Fund Ltd is a retail-focused property fund. It functions through four operating segments. Office segment, which acquires, develops and leases offices. The industrial segment acquires, develops and leases warehouses and factories. The retail segment acquires, develops and leases shopping malls, community centres as well as retail centres. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria and Slovakia, out of which the majority of its revenue is generated from South Africa.

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