Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Days Sales Outstanding : 5.54 (As of Dec. 2023)

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What is Morguard Real Estate Investment Trust Days Sales Outstanding?

Morguard Real Estate Investment Trust's average Accounts Receivable for the three months ended in Dec. 2023 was $3.0 Mil. Morguard Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was $49.1 Mil. Hence, Morguard Real Estate Investment Trust's Days Sales Outstanding for the three months ended in Dec. 2023 was 5.54.

The historical rank and industry rank for Morguard Real Estate Investment Trust's Days Sales Outstanding or its related term are showing as below:

MGRUF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.89 Med: 16.89 Max: 23.7
Current: 7.79

During the past 13 years, Morguard Real Estate Investment Trust's highest Days Sales Outstanding was 23.70. The lowest was 6.89. And the median was 16.89.

MGRUF's Days Sales Outstanding is ranked better than
78.1% of 621 companies
in the REITs industry
Industry Median: 22.29 vs MGRUF: 7.79

Morguard Real Estate Investment Trust's Days Sales Outstanding declined from Dec. 2022 (8.64) to Dec. 2023 (5.54).

Morguard Real Estate Investment Trust Days Sales Outstanding Historical Data

The historical data trend for Morguard Real Estate Investment Trust's Days Sales Outstanding 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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Morguard Real Estate Investment Trust Days Sales Outstanding Chart

Morguard Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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12.49

17.15

23.69

11.43

6.85

Morguard Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															8.64	9.31	9.99	7.26	5.54

Competitive Comparison of Morguard Real Estate Investment Trust's Days Sales Outstanding

For the REIT - Diversified subindustry, Morguard Real Estate Investment Trust's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Morguard Real Estate Investment Trust's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Morguard Real Estate Investment Trust's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Morguard Real Estate Investment Trust's Days Sales Outstanding falls into.

Morguard Real Estate Investment Trust Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Morguard Real Estate Investment Trust's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (3.996	+	3.137)	/	2 )	/	190.128	*	365
=	3.5665					/	190.128	*	365
=	6.85

Morguard Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2.822	+	3.137)	/	2 )	/	49.088	*	365 / 4
=	2.9795					/	49.088	*	365 / 4
=	5.54

Morguard Real Estate Investment Trust (OTCPK:MGRUF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Morguard Real Estate Investment Trust Days Sales Outstanding Related Terms

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Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard Real Estate Investment Trust (OTCPK:MGRUF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MRT.UN:Canada

Address

55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.