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Nippon Accommodations Fund (Nippon Accommodations Fund) Receivables Turnover : 7.90 (As of Aug. 2023)


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What is Nippon Accommodations Fund 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 Accommodations Fund's Revenue for the six months ended in Aug. 2023 was $90.1 Mil. Nippon Accommodations Fund's average Accounts Receivable for the six months ended in Aug. 2023 was $11.4 Mil. Hence, Nippon Accommodations Fund's Receivables Turnover for the six months ended in Aug. 2023 was 7.90.


Nippon Accommodations Fund Receivables Turnover Historical Data

The historical data trend for Nippon Accommodations Fund'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 Accommodations Fund Receivables Turnover Chart

Nippon Accommodations Fund Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.24 15.80 15.49 14.65 15.81

Nippon Accommodations Fund Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.80 7.36 7.96 7.90 7.75

Competitive Comparison of Nippon Accommodations Fund's Receivables Turnover

For the REIT - Diversified subindustry, Nippon Accommodations Fund'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 Accommodations Fund's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Nippon Accommodations Fund's Receivables Turnover falls into.



Nippon Accommodations Fund Receivables Turnover Calculation

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

Nippon Accommodations Fund'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 )
=175.396 / ((11.342 + 10.849) / 2 )
=175.396 / 11.0955
=15.81

Nippon Accommodations Fund'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 )
=90.13 / ((11.963 + 10.849) / 2 )
=90.13 / 11.406
=7.90

* 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.


Nippon Accommodations Fund  (OTCPK:NIPPF) 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 Accommodations Fund Receivables Turnover Related Terms

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Nippon Accommodations Fund (Nippon Accommodations Fund) Business Description

Traded in Other Exchanges
Address
2-1-1 Nihonbashimuromachi, Chuo-ku, Tokyo, JPN, 103-0022
Nippon Accommodations Fund Inc is a Japan-based real estate investment trust (REIT) company. It invests in accommodation properties mainly located in Metropolitan areas, as well as government-decreed regional hub cities. The company's investment property portfolio includes Okawabata Apartment Communities, Park Axis Toyosu, Shibaura Island Air Tower, Park Cube Meguro Tower, Park Cube Atagoyama Tower, Park Cube Higashi Shinagawa, amongst many others.

Nippon Accommodations Fund (Nippon Accommodations Fund) Headlines

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