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Mori Hills Reit Investment (TSE:3234) Receivables Turnover : 49.67 (As of Jul. 2023)


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What is Mori Hills Reit Investment 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. Mori Hills Reit Investment's Revenue for the six months ended in Jul. 2023 was 円11,215 Mil. Mori Hills Reit Investment's average Accounts Receivable for the six months ended in Jul. 2023 was 円226 Mil. Hence, Mori Hills Reit Investment's Receivables Turnover for the six months ended in Jul. 2023 was 49.67.

Mori Hills Reit Investment Receivables Turnover Historical Data

The historical data trend for Mori Hills Reit Investment'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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Mori Hills Reit Investment Receivables Turnover Chart

Mori Hills Reit Investment Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.22 58.00 82.14 118.25 113.86

Mori Hills Reit Investment Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.47 61.35 56.53 49.67 49.80

Competitive Comparison of Mori Hills Reit Investment's Receivables Turnover

For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.

Mori Hills Reit Investment's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mori Hills Reit Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mori Hills Reit Investment's Receivables Turnover falls into.


Mori Hills Reit Investment Receivables Turnover Calculation

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

Mori Hills Reit Investment's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Receivables Turnover (A: Jul. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2023 ) / ((Accounts Receivable (A: Jul. 2022 ) + Accounts Receivable (A: Jul. 2023 )) / count )
=22425.911 / ((169.483 + 224.435) / 2 )
=22425.911 / 196.959
=113.86

Mori Hills Reit Investment's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

Receivables Turnover (Q: Jul. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jul. 2023 ) / ((Accounts Receivable (Q: Jan. 2023 ) + Accounts Receivable (Q: Jul. 2023 )) / count )
=11215.191 / ((227.135 + 224.435) / 2 )
=11215.191 / 225.785
=49.67

* 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.

Mori Hills Reit Investment  (TSE:3234) 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.

Mori Hills Reit Investment Receivables Turnover Related Terms

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Mori Hills Reit Investment (TSE:3234) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mori Hills Reit Investment Corp (TSE:3234) » Definitions » Receivables Turnover
Comparable Companies
TSE:8972 TSE:3249 TSE:3226 TSE:3279 TSE:8955 TSE:3309 TSE:8957 TSE:8956 TSE:8966 TSE:3468 VICI ASX:MGR WPC FUNO11 ASX:SGP LSE:LAND SRC LSE:UTG ASX:GPT TSE:8984
Traded in Other Exchanges
N/A
Address
12-32 Akasaka 1-chome, Minato-ku, Tokyo, JPN
Website
http://www.mori-hills-reit.co.jp
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate primarily office buildings and residential and retail properties available for lease in Tokyo.

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