HomeCo Daily Needs REIT (ASX:HDN) Days Sales Outstanding : 4.85 (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Days Sales Outstanding?

HomeCo Daily Needs REIT's average Accounts Receivable for the six months ended in Dec. 2023 was A$4.8 Mil. HomeCo Daily Needs REIT's Revenue for the six months ended in Dec. 2023 was A$178.7 Mil. Hence, HomeCo Daily Needs REIT's Days Sales Outstanding for the six months ended in Dec. 2023 was 4.85.

The historical rank and industry rank for HomeCo Daily Needs REIT's Days Sales Outstanding or its related term are showing as below:

ASX:HDN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3 Med: 3.62 Max: 5.62
Current: 5.62

During the past 2 years, HomeCo Daily Needs REIT's highest Days Sales Outstanding was 5.62. The lowest was 3.00. And the median was 3.62.

ASX:HDN's Days Sales Outstanding is ranked better than
84.06% of 621 companies
in the REITs industry
Industry Median: 22.29 vs ASX:HDN: 5.62

HomeCo Daily Needs REIT's Days Sales Outstanding declined from Dec. 2022 (5.15) to Dec. 2023 (4.85).

HomeCo Daily Needs REIT Days Sales Outstanding Historical Data

The historical data trend for HomeCo Daily Needs REIT'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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HomeCo Daily Needs REIT Days Sales Outstanding Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Days Sales Outstanding

4.23

3.00

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	13.79	4.26	5.15	5.30	4.85

Competitive Comparison of HomeCo Daily Needs REIT's Days Sales Outstanding

For the REIT - Retail subindustry, HomeCo Daily Needs REIT'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.

HomeCo Daily Needs REIT's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's Days Sales Outstanding falls into.

HomeCo Daily Needs REIT 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.

HomeCo Daily Needs REIT's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (2.3	+	3.4)	/	2 )	/	347.3	*	365
=	2.85					/	347.3	*	365
=	3.00

HomeCo Daily Needs REIT'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (3.4	+	6.1)	/	2 )	/	178.7	*	365 / 2
=	4.75					/	178.7	*	365 / 2
=	4.85

HomeCo Daily Needs REIT (ASX:HDN) Days Sales Outstanding Explanation

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

HomeCo Daily Needs REIT Days Sales Outstanding Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

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