AX Real Estate (MAL:AXR) Receivables Turnover : 6.22 (As of Oct. 2023)

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What is AX Real Estate 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. AX Real Estate's Revenue for the six months ended in Oct. 2023 was €46.02 Mil. AX Real Estate's average Accounts Receivable for the six months ended in Oct. 2023 was €7.40 Mil. Hence, AX Real Estate's Receivables Turnover for the six months ended in Oct. 2023 was 6.22.

AX Real Estate Receivables Turnover Historical Data

The historical data trend for AX Real Estate'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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AX Real Estate Receivables Turnover Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Receivables Turnover

13.36

12.09

10.43

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	-	0.61	4.46	0.61	6.22

Competitive Comparison of AX Real Estate's Receivables Turnover

For the Real Estate - Diversified subindustry, AX Real Estate'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.

AX Real Estate's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where AX Real Estate's Receivables Turnover falls into.

AX Real Estate Receivables Turnover Calculation

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

AX Real Estate's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	49.865	/ (	(3.679	+	5.883)	/	2 )
=	49.865	/	4.781
=	10.43

AX Real Estate's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	46.024	/ (	(8.913	+	5.883)	/	2 )
=	46.024	/	7.398
=	6.22

AX Real Estate (MAL:AXR) 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.

AX Real Estate Receivables Turnover Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.