Lafinca Global Assets Socimi (XMAD:YLFG) Receivables Turnover : 4.98 (As of Dec. 2023)

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What is Lafinca Global Assets Socimi 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. Lafinca Global Assets Socimi's Revenue for the six months ended in Dec. 2023 was €24.62 Mil. Lafinca Global Assets Socimi's average Accounts Receivable for the six months ended in Dec. 2023 was €4.95 Mil. Hence, Lafinca Global Assets Socimi's Receivables Turnover for the six months ended in Dec. 2023 was 4.98.

Lafinca Global Assets Socimi Receivables Turnover Historical Data

The historical data trend for Lafinca Global Assets Socimi'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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Lafinca Global Assets Socimi Receivables Turnover Chart

Lafinca Global Assets Socimi Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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23.69

10.81

6.51

9.56

19.39

Lafinca Global Assets Socimi Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						3.23	3.16	4.15	4.59	4.98

Competitive Comparison of Lafinca Global Assets Socimi's Receivables Turnover

For the REIT - Diversified subindustry, Lafinca Global Assets Socimi'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.

Lafinca Global Assets Socimi's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lafinca Global Assets Socimi's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lafinca Global Assets Socimi's Receivables Turnover falls into.

Lafinca Global Assets Socimi Receivables Turnover Calculation

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

Lafinca Global Assets Socimi'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 )
=	49.898	/ (	(3.131	+	2.015)	/	2 )
=	49.898	/	2.573
=	19.39

Lafinca Global Assets Socimi's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	24.623	/ (	(7.875	+	2.015)	/	2 )
=	24.623	/	4.945
=	4.98

Lafinca Global Assets Socimi (XMAD:YLFG) 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.

Lafinca Global Assets Socimi Receivables Turnover Related Terms

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Lafinca Global Assets Socimi (XMAD:YLFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lafinca Global Assets Socimi SA (XMAD:YLFG) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Parque Empresarial LAFINCA Paseo Club Deportivo 1, Edif. 11, Pozuelo de Alarcon, Madrid, ESP, 28223

Website

https://www.lafincaglobalassets.com

Lafinca Global Assets Socimi SA is a real estate investment trust. The company is engaged in acquisition and development of urban properties. Its portfolio includes residential and office buildings, and restaurants.

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