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Marwest Apartment REIT (TSXV:MAR.UN) Receivables Turnover : 61.95 (As of Mar. 2024)


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What is Marwest Apartment REIT 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. Marwest Apartment REIT's Revenue for the three months ended in Mar. 2024 was C$2.54 Mil. Marwest Apartment REIT's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.04 Mil. Hence, Marwest Apartment REIT's Receivables Turnover for the three months ended in Mar. 2024 was 61.95.


Marwest Apartment REIT Receivables Turnover Historical Data

The historical data trend for Marwest Apartment REIT'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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Marwest Apartment REIT Receivables Turnover Chart

Marwest Apartment REIT Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 278.33 377.42 452.68

Marwest Apartment REIT Quarterly Data
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 122.70 69.08 54.86 98.86 61.95

Competitive Comparison of Marwest Apartment REIT's Receivables Turnover

For the REIT - Residential subindustry, Marwest Apartment REIT'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.


Marwest Apartment REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Marwest Apartment REIT's Receivables Turnover falls into.



Marwest Apartment REIT Receivables Turnover Calculation

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

Marwest Apartment REIT'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 )
=9.959 / ((0.026 + 0.018) / 2 )
=9.959 / 0.022
=452.68

Marwest Apartment REIT'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 )
=2.54 / ((0.018 + 0.064) / 2 )
=2.54 / 0.041
=61.95

* 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.


Marwest Apartment REIT  (TSXV:MAR.UN) 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.


Marwest Apartment REIT Receivables Turnover Related Terms

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


Marwest Apartment REIT (TSXV:MAR.UN) Business Description

Traded in Other Exchanges
N/A
Address
220 Portage Avenue, Suite 500, Winnipeg, MB, CAN, R3C 0A5
Marwest Apartment REIT is an open-ended real estate investment trust. The trust is focused on acquiring multi-family residential real estate in Western Canada.

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