True North Commercial REIT (TSX:TNT.UN) Days Sales Outstanding

: 6.24 (As of Dec. 2023)

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True North Commercial REIT's average Accounts Receivable for the three months ended in Dec. 2023 was C$2.2 Mil. True North Commercial REIT's Revenue for the three months ended in Dec. 2023 was C$32.9 Mil. Hence, True North Commercial REIT's Days Sales Outstanding for the three months ended in Dec. 2023 was 6.24.

The historical rank and industry rank for True North Commercial REIT's Days Sales Outstanding or its related term are showing as below:

TSX:TNT.UN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.92 Med: 9.7 Max: 22.12
Current: 6.4

During the past 12 years, True North Commercial REIT's highest Days Sales Outstanding was 22.12. The lowest was 4.92. And the median was 9.70.

TSX:TNT.UN's Days Sales Outstanding is ranked better than
81.48% of 621 companies
in the REITs industry
Industry Median: 22.29 vs TSX:TNT.UN: 6.40

True North Commercial REIT's Days Sales Outstanding increased from Dec. 2022 (5.64) to Dec. 2023 (6.24).

True North Commercial REIT Days Sales Outstanding Historical Data

The historical data trend for True North Commercial 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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True North Commercial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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7.78

5.63

5.56

4.92

5.14

True North Commercial REIT 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															5.64	5.64	7.58	7.42	6.24

Competitive Comparison

For the REIT - Office subindustry, True North Commercial 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.

True North Commercial REIT Days Sales Outstanding Distribution

For the REITs industry and Real Estate sector, True North Commercial REIT's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where True North Commercial REIT's Days Sales Outstanding falls into.

True North Commercial 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.

True North Commercial REIT'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
=	( (1.655	+	2.067)	/	2 )	/	132.204	*	365
=	1.861					/	132.204	*	365
=	5.14

True North Commercial 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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2.43	+	2.067)	/	2 )	/	32.867	*	365 / 4
=	2.2485					/	32.867	*	365 / 4
=	6.24

True North Commercial REIT (TSX:TNT.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.

True North Commercial REIT Days Sales Outstanding Related Terms

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True North Commercial REIT (TSX:TNT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » True North Commercial REIT (TSX:TNT.UN) » Definitions » Days Sales Outstanding

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TUERF:USA

Address

3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3

Website

https://www.truenorthreit.com

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.

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