Nexus Industrial REIT (TSX:NXR.UN) Days Sales Outstanding : 18.88 (As of Dec. 2023)

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What is Nexus Industrial REIT Days Sales Outstanding?

Nexus Industrial REIT's average Accounts Receivable for the three months ended in Dec. 2023 was C$8.7 Mil. Nexus Industrial REIT's Revenue for the three months ended in Dec. 2023 was C$42.0 Mil. Hence, Nexus Industrial REIT's Days Sales Outstanding for the three months ended in Dec. 2023 was 18.88.

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

TSX:NXR.UN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.97 Med: 11.7 Max: 30.01
Current: 16.34

During the past 11 years, Nexus Industrial REIT's highest Days Sales Outstanding was 30.01. The lowest was 6.97. And the median was 11.70.

TSX:NXR.UN's Days Sales Outstanding is ranked better than
57.98% of 614 companies
in the REITs industry
Industry Median: 22.95 vs TSX:NXR.UN: 16.34

Nexus Industrial REIT's Days Sales Outstanding increased from Dec. 2022 (11.17) to Dec. 2023 (18.88).

Nexus Industrial REIT Days Sales Outstanding Historical Data

The historical data trend for Nexus Industrial 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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Nexus Industrial REIT Days Sales Outstanding Chart

Nexus Industrial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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10.86

14.77

11.82

11.57

19.78

Nexus Industrial 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															11.17	14.37	14.22	14.17	18.88

Competitive Comparison of Nexus Industrial REIT's Days Sales Outstanding

For the REIT - Industrial subindustry, Nexus Industrial 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.

Nexus Industrial REIT's Days Sales Outstanding Distribution in the REITs Industry

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

* The bar in red indicates where Nexus Industrial REIT's Days Sales Outstanding falls into.

Nexus Industrial 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.

Nexus Industrial 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
=	( (5.944	+	11.142)	/	2 )	/	157.652	*	365
=	8.543					/	157.652	*	365
=	19.78

Nexus Industrial 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
=	( (6.24	+	11.142)	/	2 )	/	42.005	*	365 / 4
=	8.691					/	42.005	*	365 / 4
=	18.88

Nexus Industrial REIT (TSX:NXR.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.

Nexus Industrial REIT Days Sales Outstanding Related Terms

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Nexus Industrial REIT (TSX:NXR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nexus Industrial REIT (TSX:NXR.UN) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

EFRTF:USA

Address

211-1540 Cornwall Road, Oakville, ON, CAN, L6J7W5

Website

https://www.nexusreit.com

Nexus Industrial REIT is a Canada-based growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office, and retail properties.

Nexus Industrial REIT (TSX:NXR.UN) Headlines

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