Nippon Prologis REIT (TSE:3283) Receivables Turnover : 17.45 (As of Nov. 2023)

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What is Nippon Prologis REIT 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. Nippon Prologis REIT's Revenue for the six months ended in Nov. 2023 was 円30,599 Mil. Nippon Prologis REIT's average Accounts Receivable for the six months ended in Nov. 2023 was 円1,754 Mil. Hence, Nippon Prologis REIT's Receivables Turnover for the six months ended in Nov. 2023 was 17.45.

Nippon Prologis REIT Receivables Turnover Historical Data

The historical data trend for Nippon Prologis REIT'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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Nippon Prologis REIT Receivables Turnover Chart

Nippon Prologis REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov23

Receivables Turnover

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28.28

28.22

33.15

40.07

40.92

Nippon Prologis REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															18.96	21.75	19.85	17.02	17.45

Competitive Comparison of Nippon Prologis REIT's Receivables Turnover

For the REIT - Industrial subindustry, Nippon Prologis REIT'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.

Nippon Prologis REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Prologis REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nippon Prologis REIT's Receivables Turnover falls into.

Nippon Prologis REIT Receivables Turnover Calculation

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

Nippon Prologis REIT's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2021 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	59352.51	/ (	(1120.214	+	1780.897)	/	2 )
=	59352.51	/	1450.5555
=	40.92

Nippon Prologis REIT's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	30598.652	/ (	(1726.165	+	1780.897)	/	2 )
=	30598.652	/	1753.531
=	17.45

Nippon Prologis REIT (TSE:3283) 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.

Nippon Prologis REIT Receivables Turnover Related Terms

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Nippon Prologis REIT (TSE:3283) Business Description

Industry

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Address

Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421

Website

http://www.prologis-reit.co.jp

Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

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