GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LTC Properties Inc (STU:LTP) » Definitions » Receivables Turnover

LTC Properties (STU:LTP) Receivables Turnover : 2.66 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is LTC Properties 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. LTC Properties's Revenue for the three months ended in Mar. 2024 was €47.3 Mil. LTC Properties's average Accounts Receivable for the three months ended in Mar. 2024 was €17.8 Mil. Hence, LTC Properties's Receivables Turnover for the three months ended in Mar. 2024 was 2.66.


LTC Properties Receivables Turnover Historical Data

The historical data trend for LTC Properties'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.

* Premium members only.

LTC Properties Receivables Turnover Chart

LTC Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 4.28 6.63 7.87 9.37

LTC Properties 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 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 2.29 2.28 2.43 2.50 2.66

Competitive Comparison of LTC Properties's Receivables Turnover

For the REIT - Healthcare Facilities subindustry, LTC Properties'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.


LTC Properties's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where LTC Properties's Receivables Turnover falls into.



LTC Properties Receivables Turnover Calculation

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

LTC Properties'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 )
=180.873 / ((20.624 + 17.997) / 2 )
=180.873 / 19.3105
=9.37

LTC Properties'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 )
=47.257 / ((17.997 + 17.549) / 2 )
=47.257 / 17.773
=2.66

* 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.


LTC Properties  (STU:LTP) 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.


LTC Properties Receivables Turnover Related Terms

Thank you for viewing the detailed overview of LTC Properties's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


LTC Properties (STU:LTP) Business Description

Traded in Other Exchanges
Address
2829 Townsgate Road, Suite 350, Westlake Village, CA, USA, 91361
LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in healthcare facilities through mortgage loans, property lease transactions, and other investments. LTC generates all of its revenue in the United States. LTC is an active capital provider in the seniors housing and healthcare real estate industry. The company has been actively engaged with its operating partners to create a growing pipeline of projects.

LTC Properties (STU:LTP) Headlines

No Headlines