GMREPA.PFD (Global Medical REIT) Receivables Turnover : 4.46 (As of Mar. 2025)

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What is Global Medical 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. Global Medical REIT's Revenue for the three months ended in Mar. 2025 was $34.60 Mil. Global Medical REIT's average Accounts Receivable for the three months ended in Mar. 2025 was $7.76 Mil. Hence, Global Medical REIT's Receivables Turnover for the three months ended in Mar. 2025 was 4.46.

Global Medical REIT Receivables Turnover Historical Data

The historical data trend for Global Medical 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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Global Medical REIT Receivables Turnover Chart

Global Medical REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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17.72

19.85

19.44

19.04

19.51

Global Medical REIT Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															4.84	4.33	4.22	4.50	4.46

Competitive Comparison of Global Medical REIT's Receivables Turnover

For the REIT - Healthcare Facilities subindustry, Global Medical 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.

Global Medical REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Global Medical REIT's Receivables Turnover falls into.

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Global Medical REIT Receivables Turnover Calculation

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

Global Medical REIT's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	138.41	/ (	(6.762	+	7.424)	/	2 )
=	138.41	/	7.093
=	19.51

Global Medical REIT's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	34.595	/ (	(7.424	+	8.104)	/	2 )
=	34.595	/	7.764
=	4.46

Global Medical REIT (NYSE:GMREpA.PFD) 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.

Global Medical REIT Receivables Turnover Related Terms

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Global Medical REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Medical REIT Inc (NYSE:GMREpA.PFD) » Definitions » Receivables Turnover

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GMRE:USA 3UN:Germany

Address

7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814

Website

https://www.globalmedicalreit.com

Global Medical REIT Inc is engaged predominantly in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to physician groups and regional and national healthcare systems. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases.