Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Days Sales Outstanding : 5.48 (As of Dec. 2023)

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What is Canadian Apartment Properties Real Estate Investment Trust Days Sales Outstanding?

Canadian Apartment Properties Real Estate Investment Trust's average Accounts Receivable for the three months ended in Dec. 2023 was C$16 Mil. Canadian Apartment Properties Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was C$272 Mil. Hence, Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding for the three months ended in Dec. 2023 was 5.48.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding or its related term are showing as below:

TSX:CAR.UN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.56 Med: 5.66 Max: 5.98
Current: 5.98

During the past 13 years, Canadian Apartment Properties Real Estate Investment Trust's highest Days Sales Outstanding was 5.98. The lowest was 5.56. And the median was 5.66.

TSX:CAR.UN's Days Sales Outstanding is ranked better than
82.77% of 621 companies
in the REITs industry
Industry Median: 22.29 vs TSX:CAR.UN: 5.98

Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding declined from Dec. 2022 (5.65) to Dec. 2023 (5.48).

Canadian Apartment Properties Real Estate Investment Trust Days Sales Outstanding Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust'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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Canadian Apartment Properties Real Estate Investment Trust Days Sales Outstanding Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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5.76

5.56

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															5.65	6.34	6.68	5.85	5.48

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust'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.

Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding falls into.

Canadian Apartment Properties Real Estate Investment Trust 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.

Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (15.907	+	16.526)	/	2 )	/	1065.317	*	365
=	16.2165					/	1065.317	*	365
=	5.56

Canadian Apartment Properties Real Estate Investment Trust'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (16.169	+	16.526)	/	2 )	/	272.195	*	365 / 4
=	16.3475					/	272.195	*	365 / 4
=	5.48

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Days Sales Outstanding Explanation

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

Canadian Apartment Properties Real Estate Investment Trust Days Sales Outstanding Related Terms

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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

CDPYF:USA CARUN:Mexico

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.capreit.ca

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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