Mitsubishi Estate Logistics REIT Investment (TSE:3481) Days Sales Outstanding : 1.84 (As of Aug. 2023)

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What is Mitsubishi Estate Logistics REIT Investment Days Sales Outstanding?

Mitsubishi Estate Logistics REIT Investment's average Accounts Receivable for the six months ended in Aug. 2023 was 円76 Mil. Mitsubishi Estate Logistics REIT Investment's Revenue for the six months ended in Aug. 2023 was 円7,511 Mil. Hence, Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding for the six months ended in Aug. 2023 was 1.84.

The historical rank and industry rank for Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding or its related term are showing as below:

TSE:3481' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.38 Med: 1.81 Max: 2.31
Current: 1.78

During the past 7 years, Mitsubishi Estate Logistics REIT Investment's highest Days Sales Outstanding was 2.31. The lowest was 1.38. And the median was 1.81.

TSE:3481's Days Sales Outstanding is ranked better than
95.11% of 614 companies
in the REITs industry
Industry Median: 23.7 vs TSE:3481: 1.78

Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding increased from Aug. 2022 (1.59) to Aug. 2023 (1.84).

Mitsubishi Estate Logistics REIT Investment Days Sales Outstanding Historical Data

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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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Mitsubishi Estate Logistics REIT Investment Days Sales Outstanding Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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1.77

1.38

1.41

1.85

1.87

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial									1.49	1.59	1.83	1.84	1.87

Competitive Comparison of Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment'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.

Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding Distribution in the REITs Industry

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

* The bar in red indicates where Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding falls into.

Mitsubishi Estate Logistics REIT Investment 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.

Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (70.995	+	79.284)	/	2 )	/	14660.806	*	365
=	75.1395					/	14660.806	*	365
=	1.87

Mitsubishi Estate Logistics REIT Investment's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (72.477	+	79.284)	/	2 )	/	7510.976	*	365 / 2
=	75.8805					/	7510.976	*	365 / 2
=	1.84

Mitsubishi Estate Logistics REIT Investment (TSE:3481) Days Sales Outstanding Explanation

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

Mitsubishi Estate Logistics REIT Investment Days Sales Outstanding Related Terms

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Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

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