Star Asia Investment (TSE:3468) Receivables Turnover : 45.47 (As of Jan. 2023)

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What is Star Asia 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. Star Asia Investment's Revenue for the six months ended in Jan. 2023 was 円6,486 Mil. Star Asia Investment's average Accounts Receivable for the six months ended in Jan. 2023 was 円143 Mil. Hence, Star Asia Investment's Receivables Turnover for the six months ended in Jan. 2023 was 45.47.

Star Asia Investment Receivables Turnover Historical Data

The historical data trend for Star Asia 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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Star Asia Investment Receivables Turnover Chart

Star Asia Investment Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Receivables Turnover

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115.79

142.78

156.59

103.08

Star Asia Investment Semi-Annual Data
	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Receivables Turnover	Get a 7-Day Free Trial								62.29	64.52	53.84	45.47	53.92

Competitive Comparison of Star Asia Investment's Receivables Turnover

For the REIT - Diversified subindustry, Star Asia 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.

Star Asia Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Star Asia Investment's Receivables Turnover falls into.

Star Asia Investment Receivables Turnover Calculation

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

Star Asia Investment's Receivables Turnover for the fiscal year that ended in Jul. 2022 is calculated as

	Receivables Turnover (A: Jul. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2022 )	/ (	(Accounts Receivable (A: Jul. 2021 )	+	Accounts Receivable (A: Jul. 2022 ))	/	count )
=	12049.355	/ (	(96.187	+	137.598)	/	2 )
=	12049.355	/	116.8925
=	103.08

Star Asia Investment's Receivables Turnover for the quarter that ended in Jan. 2023 is calculated as

	Receivables Turnover (Q: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2022 )	+	Accounts Receivable (Q: Jan. 2023 ))	/	count )
=	6486.252	/ (	(137.598	+	147.713)	/	2 )
=	6486.252	/	142.6555
=	45.47

Star Asia Investment (TSE:3468) 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.

Star Asia Investment Receivables Turnover Related Terms

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Star Asia Investment (TSE:3468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Star Asia Investment Corp (TSE:3468) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1, Atago, 18th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-0002

Website

http://www.starasia-reit.com

Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.

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