Alexandria Real Estate Equities (MEX:ARE) Receivables Turnover : 116.41 (As of Sep. 2024)

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What is Alexandria Real Estate Equities 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. Alexandria Real Estate Equities's Revenue for the three months ended in Sep. 2024 was MXN15,275 Mil. Alexandria Real Estate Equities's average Accounts Receivable for the three months ended in Sep. 2024 was MXN131 Mil. Hence, Alexandria Real Estate Equities's Receivables Turnover for the three months ended in Sep. 2024 was 116.41.

Alexandria Real Estate Equities Receivables Turnover Historical Data

The historical data trend for Alexandria Real Estate Equities'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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Alexandria Real Estate Equities Receivables Turnover Chart

Alexandria Real Estate Equities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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146.59

215.88

291.81

336.70

340.37

Alexandria Real Estate Equities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															103.00	102.81	96.94	112.85	116.41

Competitive Comparison of Alexandria Real Estate Equities's Receivables Turnover

For the REIT - Office subindustry, Alexandria Real Estate Equities'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.

Alexandria Real Estate Equities's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Alexandria Real Estate Equities's Receivables Turnover falls into.

Alexandria Real Estate Equities Receivables Turnover Calculation

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

Alexandria Real Estate Equities'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 )
=	48982.57	/ (	(148.443	+	139.376)	/	2 )
=	48982.57	/	143.9095
=	340.37

Alexandria Real Estate Equities's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	15274.632	/ (	(124.98	+	137.438)	/	2 )
=	15274.632	/	131.209
=	116.41

Alexandria Real Estate Equities (MEX:ARE) 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.

Alexandria Real Estate Equities Receivables Turnover Related Terms

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Alexandria Real Estate Equities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexandria Real Estate Equities Inc (MEX:ARE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ARE:USA 0HCH:UK A6W:Germany A1RE34:Brazil

Address

26 North Euclid Avenue, Pasadena, CA, USA, 91101

Website

https://www.are.com

Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.