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. Modiv Industrial's Revenue for the
three
months ended in Sep. 2024 was $11.66 Mil. Modiv Industrial's average Accounts Receivable for the
three
months ended in Sep. 2024 was $16.73 Mil.
Hence, Modiv Industrial's Receivables Turnover for the
three
months ended in Sep. 2024 was 0.70.
Modiv Industrial Receivables Turnover Historical Data
The historical data trend for Modiv Industrial'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.
Competitive Comparison of Modiv Industrial's Receivables Turnover
For the REIT - Industrial subindustry, Modiv Industrial'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.
Modiv Industrial's Receivables Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Modiv Industrial's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Modiv Industrial's Receivables Turnover falls into.
Modiv Industrial Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Modiv Industrial's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Modiv Industrial Receivables Turnover Related Terms
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Modiv Industrial Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The Company has invested in single-tenant income-producing properties. Its current business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of commercial real estate assets utilized for industrial manufacturing, as well as a few non-core assets. All of the company's consolidated revenues are derived from company's consolidated real estate properties.
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