Centerspace (Centerspace) Receivables Turnover : 105.06 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Centerspace 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. Centerspace's Revenue for the three months ended in Mar. 2024 was $64.51 Mil. Centerspace's average Accounts Receivable for the three months ended in Mar. 2024 was $0.61 Mil. Hence, Centerspace's Receivables Turnover for the three months ended in Mar. 2024 was 105.06.

Centerspace Receivables Turnover Historical Data

The historical data trend for Centerspace'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.

* Premium members only.

Centerspace Receivables Turnover Chart

Centerspace Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

149.92

197.99

215.84

287.96

376.80

Centerspace 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															87.84	-	-	104.35	105.06

Competitive Comparison of Centerspace's Receivables Turnover

For the REIT - Residential subindustry, Centerspace'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.

Centerspace's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Centerspace's Receivables Turnover falls into.

Centerspace Receivables Turnover Calculation

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

Centerspace'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 )
=	261.309	/ (	(0.773	+	0.614)	/	2 )
=	261.309	/	0.6935
=	376.80

Centerspace'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 )
=	64.506	/ (	(0.614	+	0)	/	1 )
=	64.506	/	0.614
=	105.06

Centerspace (NYSE:IRETPRBCL.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.

Centerspace Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Centerspace's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Centerspace (Centerspace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centerspace (NYSE:IRETPRBCL.PFD) » Definitions » Receivables Turnover

Comparable Companies

NXRT UMH AIV ELME VRE BRT FREVS BHM CLPR IRT AVB EQR INVH ESS MAA SUI AMH UDR ELS CPT

Traded in Other Exchanges

CSRpC.PFD:USA CSR:USA

Address

3100 10th Street SW, Post Office Box 1988, Minot, ND, USA, 58702-1988

Website

https://www.centerspacehomes.com

Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment, and it owns properties in the following states: Minnesota, Colorado, North Dakota, Nebraska, South Dakota, and Montana. Rental income represents the company's main source of revenue, and properties owned in Minnesota, Colorado, and North Dakota represent the majority of the firm's commercial presence.