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. Phillips Edison's Revenue for the
three
months ended in Mar. 2024 was $161.3 Mil. Phillips Edison's average Accounts Receivable for the
three
months ended in Mar. 2024 was $47.8 Mil.
Hence, Phillips Edison's Receivables Turnover for the
three
months ended in Mar. 2024 was 3.38.
Phillips Edison Receivables Turnover Historical Data
The historical data trend for Phillips Edison'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.
Competitive Comparison of Phillips Edison's Receivables Turnover
For the REIT - Retail subindustry, Phillips Edison'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.
Phillips Edison's Receivables Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Phillips Edison's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Phillips Edison's Receivables Turnover falls into.
Phillips Edison Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Phillips Edison's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Phillips Edison Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Phillips Edison's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillips Edison (Phillips Edison) Business Description
Phillips Edison & Co Inc is a real estate investment trust. It invests primarily in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience.
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