alstria office REIT-AG (XTER:AOX) Receivables Turnover : 5.89 (As of Mar. 2024)

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What is alstria office REIT-AG 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. alstria office REIT-AG's Revenue for the three months ended in Mar. 2024 was €62.6 Mil. alstria office REIT-AG's average Accounts Receivable for the three months ended in Mar. 2024 was €10.6 Mil. Hence, alstria office REIT-AG's Receivables Turnover for the three months ended in Mar. 2024 was 5.89.

alstria office REIT-AG Receivables Turnover Historical Data

The historical data trend for alstria office REIT-AG'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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alstria office REIT-AG Receivables Turnover Chart

alstria office REIT-AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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41.80

51.00

52.41

36.56

24.26

alstria office REIT-AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.81	3.99	5.93	6.03	5.89

Competitive Comparison of alstria office REIT-AG's Receivables Turnover

For the REIT - Office subindustry, alstria office REIT-AG'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.

alstria office REIT-AG's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, alstria office REIT-AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where alstria office REIT-AG's Receivables Turnover falls into.

alstria office REIT-AG Receivables Turnover Calculation

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

alstria office REIT-AG's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	230.193	/ (	(8.166	+	10.814)	/	2 )
=	230.193	/	9.49
=	24.26

alstria office REIT-AG's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	62.569	/ (	(10.814	+	10.439)	/	2 )
=	62.569	/	10.6265
=	5.89

alstria office REIT-AG (XTER:AOX) 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.

alstria office REIT-AG Receivables Turnover Related Terms

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alstria office REIT-AG (XTER:AOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » alstria office REIT-AG (XTER:AOX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ALSRF:USA 0O9Q:UK AOX:Austria

Address

Steinstrasse 7, Hamburg, DEU, 20095

Website

https://www.alstria.com

alstria office REIT-AG is a real estate investment trust engaged in the acquisition, management, refurbishment, and sale of office properties throughout Germany. The vast majority of the company's real estate portfolio is dispersed between the German regions of Rhine-Ruhr, Hamburg, Rhine-Main, and Stuttgart. The company derives nearly all of its revenue in the form of rental income from the leasing of its properties. alstria's largest tenants in terms of annual rental revenue include a variety of local government, automotive, telecommunications, and insurance entities. it focuses on a small number of large tenants that account for the majority of its rental income.

Executives

Olivier Elamine

Board of Directors

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