Takara Leben Real Estate Investment (TSE:3492) Receivables Turnover : 34.93 (As of Aug. 2023)

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What is Takara Leben Real Estate 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. Takara Leben Real Estate Investment's Revenue for the six months ended in Aug. 2023 was 円3,886 Mil. Takara Leben Real Estate Investment's average Accounts Receivable for the six months ended in Aug. 2023 was 円111 Mil. Hence, Takara Leben Real Estate Investment's Receivables Turnover for the six months ended in Aug. 2023 was 34.93.

Takara Leben Real Estate Investment Receivables Turnover Historical Data

The historical data trend for Takara Leben Real Estate 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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Takara Leben Real Estate Investment Receivables Turnover Chart

Takara Leben Real Estate Investment Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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74.34

67.56

80.84

68.19

Takara Leben Real Estate Investment Semi-Annual Data
	Feb18	Aug18	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial							43.50	38.49	38.26	34.93	30.69

Competitive Comparison of Takara Leben Real Estate Investment's Receivables Turnover

For the REIT - Diversified subindustry, Takara Leben Real Estate 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.

Takara Leben Real Estate Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Takara Leben Real Estate Investment's Receivables Turnover falls into.

Takara Leben Real Estate Investment Receivables Turnover Calculation

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

Takara Leben Real Estate Investment's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	7499.061	/ (	(93.166	+	126.79)	/	2 )
=	7499.061	/	109.978
=	68.19

Takara Leben Real Estate Investment's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	3886.3	/ (	(95.711	+	126.79)	/	2 )
=	3886.3	/	111.2505
=	34.93

Takara Leben Real Estate Investment (TSE:3492) 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.

Takara Leben Real Estate Investment Receivables Turnover Related Terms

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Takara Leben Real Estate Investment (TSE:3492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Takara Leben Real Estate Investment Corp (TSE:3492) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1 Chome-14-15 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

https://takara-reit.co.jp

Takara Leben Real Estate Investment Corp is a J-REIT that owns and operates real estate properties and real property-related assets. It invests in office, hotel and residential properties.

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