Firm Capital Apartment REIT (TSXV:FCA.UN) Days Sales Outstanding : 12.32 (As of Dec. 2023)

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What is Firm Capital Apartment REIT Days Sales Outstanding?

Firm Capital Apartment REIT's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.43 Mil. Firm Capital Apartment REIT's Revenue for the three months ended in Dec. 2023 was C$3.18 Mil. Hence, Firm Capital Apartment REIT's Days Sales Outstanding for the three months ended in Dec. 2023 was 12.32.

The historical rank and industry rank for Firm Capital Apartment REIT's Days Sales Outstanding or its related term are showing as below:

TSXV:FCA.UN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.19 Med: 29.99 Max: 92.32
Current: 17.7

During the past 13 years, Firm Capital Apartment REIT's highest Days Sales Outstanding was 92.32. The lowest was 15.19. And the median was 29.99.

TSXV:FCA.UN's Days Sales Outstanding is ranked better than
56.26% of 615 companies
in the REITs industry
Industry Median: 22.66 vs TSXV:FCA.UN: 17.70

Firm Capital Apartment REIT's Days Sales Outstanding declined from Dec. 2022 (19.28) to Dec. 2023 (12.32).

Firm Capital Apartment REIT Days Sales Outstanding Historical Data

The historical data trend for Firm Capital Apartment 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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Firm Capital Apartment REIT Days Sales Outstanding Chart

Firm Capital Apartment REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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15.19

92.32

79.63

20.64

14.68

Firm Capital Apartment 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															19.28	18.97	19.21	15.70	12.32

Competitive Comparison of Firm Capital Apartment REIT's Days Sales Outstanding

For the REIT - Residential subindustry, Firm Capital Apartment 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.

Firm Capital Apartment REIT's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Firm Capital Apartment REIT's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Firm Capital Apartment REIT's Days Sales Outstanding falls into.

Firm Capital Apartment 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.

Firm Capital Apartment 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
=	( (0.914	+	0.389)	/	2 )	/	16.2	*	365
=	0.6515					/	16.2	*	365
=	14.68

Firm Capital Apartment 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
=	( (0.47	+	0.389)	/	2 )	/	3.18	*	365 / 4
=	0.4295					/	3.18	*	365 / 4
=	12.32

Firm Capital Apartment REIT (TSXV:FCA.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.

Firm Capital Apartment REIT Days Sales Outstanding Related Terms

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Firm Capital Apartment REIT (TSXV:FCA.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Apartment REIT (TSXV:FCA.UN) » Definitions » Days Sales Outstanding

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FCA.U:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

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