Dream Residential REIT (Dream Residential REIT) Receivables Turnover : 13.81 (As of Mar. 2024)

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What is Dream Residential 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. Dream Residential REIT's Revenue for the three months ended in Mar. 2024 was $12.01 Mil. Dream Residential REIT's average Accounts Receivable for the three months ended in Mar. 2024 was $0.87 Mil. Hence, Dream Residential REIT's Receivables Turnover for the three months ended in Mar. 2024 was 13.81.

Dream Residential REIT Receivables Turnover Historical Data

The historical data trend for Dream Residential 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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Dream Residential REIT Receivables Turnover Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Receivables Turnover

54.79

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	12.95	14.81	-	13.81

Competitive Comparison of Dream Residential REIT's Receivables Turnover

For the REIT - Residential subindustry, Dream Residential 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.

Dream Residential REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dream Residential REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dream Residential REIT's Receivables Turnover falls into.

Dream Residential REIT Receivables Turnover Calculation

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

Dream Residential 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 )
=	47.561	/ (	(0.92	+	0.816)	/	2 )
=	47.561	/	0.868
=	54.79

Dream Residential 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 )
=	12.014	/ (	(0.816	+	0.924)	/	2 )
=	12.014	/	0.87
=	13.81

Dream Residential REIT (OTCPK:DRREF) 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.

Dream Residential REIT Receivables Turnover Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.