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. RPT Realty's Revenue for the
three
months ended in Sep. 2023 was $54.9 Mil. RPT Realty's average Accounts Receivable for the
three
months ended in Sep. 2023 was $18.2 Mil.
Hence, RPT Realty's Receivables Turnover for the
three
months ended in Sep. 2023 was 3.01.
RPT Realty Receivables Turnover Historical Data
The historical data trend for RPT Realty'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.
Competitive Comparison of RPT Realty's Receivables Turnover
For the REIT - Retail subindustry, RPT Realty'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.
RPT Realty's Receivables Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, RPT Realty's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where RPT Realty's Receivables Turnover falls into.
RPT Realty Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
RPT Realty's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
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.
RPT Realty Receivables Turnover Related Terms
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RPT Realty is a self-managed real estate investment trust that invests in and manages retail properties. The company owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company's property portfolio consisted of 44 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, 48 retail properties owned through its net lease joint venture and one net lease retail property that was held for sale by the Company which together represent 15.0 million square feet of gross leasable area.
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