Fortune Real Estate Investment Trust (HKSE:00778) Days Sales Outstanding : 7.98 (As of Dec. 2024)

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What is Fortune Real Estate Investment Trust Days Sales Outstanding?

Fortune Real Estate Investment Trust's average Accounts Receivable for the six months ended in Dec. 2024 was HK$38 Mil. Fortune Real Estate Investment Trust's Revenue for the six months ended in Dec. 2024 was HK$874 Mil. Hence, Fortune Real Estate Investment Trust's Days Sales Outstanding for the six months ended in Dec. 2024 was 7.98.

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

HKSE:00778' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.12 Med: 7.44 Max: 10.98
Current: 7.88

During the past 13 years, Fortune Real Estate Investment Trust's highest Days Sales Outstanding was 10.98. The lowest was 6.12. And the median was 7.44.

HKSE:00778's Days Sales Outstanding is ranked better than
77.35% of 680 companies
in the REITs industry
Industry Median: 21.025 vs HKSE:00778: 7.88

Fortune Real Estate Investment Trust's Days Sales Outstanding declined from Dec. 2023 (8.43) to Dec. 2024 (7.98).

Fortune Real Estate Investment Trust Days Sales Outstanding Historical Data

The historical data trend for Fortune 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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Fortune Real Estate Investment Trust Days Sales Outstanding Chart

Fortune Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

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9.45

9.94

10.98

9.92

7.92

Fortune Real Estate Investment Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial															14.30	10.51	8.43	7.75	7.98

Competitive Comparison of Fortune Real Estate Investment Trust's Days Sales Outstanding

For the REIT - Retail subindustry, Fortune 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.

Fortune Real Estate Investment Trust's Days Sales Outstanding Distribution in the REITs Industry

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

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

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Fortune 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.

Fortune Real Estate Investment Trust's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

	Days Sales Outstanding (A: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (36.737	+	39.081)	/	2 )	/	1746.262	*	365
=	37.909					/	1746.262	*	365
=	7.92

Fortune Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (37.35	+	39.081)	/	2 )	/	874.484	*	365 / 2
=	38.2155					/	874.484	*	365 / 2
=	7.98

Fortune Real Estate Investment Trust (HKSE:00778) Days Sales Outstanding Explanation

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

Fortune Real Estate Investment Trust Days Sales Outstanding Related Terms

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Fortune Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fortune Real Estate Investment Trust (HKSE:00778) » Definitions » Days Sales Outstanding

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FRIVF:USA

Address

5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985

Website

https://www.fortunereit.com

Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.

Executives

Ck Asset Holdings Limited
Li Ka-shing

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