CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Receivables Turnover : 9.15 (As of Mar. 2024)

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What is CPN Retail Growth Leasehold REIT Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. CPN Retail Growth Leasehold REIT's Revenue for the three months ended in Mar. 2024 was ฿1,506 Mil. CPN Retail Growth Leasehold REIT's average Accounts Receivable for the three months ended in Mar. 2024 was ฿165 Mil. Hence, CPN Retail Growth Leasehold REIT's Receivables Turnover for the three months ended in Mar. 2024 was 9.15.

CPN Retail Growth Leasehold REIT Receivables Turnover Historical Data

The historical data trend for CPN Retail Growth Leasehold REIT's Receivables Turnover 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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CPN Retail Growth Leasehold REIT Receivables Turnover Chart

CPN Retail Growth Leasehold REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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37.11

16.45

8.47

11.07

20.71

CPN Retail Growth Leasehold REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.17	6.79	8.75	9.71	9.15

Competitive Comparison of CPN Retail Growth Leasehold REIT's Receivables Turnover

For the REIT - Diversified subindustry, CPN Retail Growth Leasehold REIT's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

CPN Retail Growth Leasehold REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CPN Retail Growth Leasehold REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CPN Retail Growth Leasehold REIT's Receivables Turnover falls into.

CPN Retail Growth Leasehold REIT Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

CPN Retail Growth Leasehold REIT's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	5752.07	/ (	(400.799	+	154.805)	/	2 )
=	5752.07	/	277.802
=	20.71

CPN Retail Growth Leasehold REIT's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1505.715	/ (	(154.805	+	174.43)	/	2 )
=	1505.715	/	164.6175
=	9.15

CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

CPN Retail Growth Leasehold REIT Receivables Turnover Related Terms

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CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CPN Retail Growth Leasehold REIT (BKK:CPNREIT) » Definitions » Receivables Turnover

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Address

No. 999/9 Rama 1 Road, 31st Floor, The Offices at CentralWorld, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330

Website

https://www.cpnreit.com

CPN Retail Growth Leasehold REIT is a closed-end real estate investment trust. Its main business is investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The company has invested in a few projects including shopping projects namely Central Rama 2, Central Rama 3, Central Pinklao and Central Chiangmai Airport, and 2 office buildings, Central Pinklao Tower A and Tower B, as well as invested in additional assets, namely Central Pattaya Shopping Center and Hilton Pattaya Hotel Its operational locality is Thailand.

CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Headlines

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