Irish Residential Properties REIT (Irish Residential Properties REIT) Receivables Turnover : 29.39 (As of Dec. 2023)

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What is Irish Residential Properties 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. Irish Residential Properties REIT's Revenue for the six months ended in Dec. 2023 was $47.52 Mil. Irish Residential Properties REIT's average Accounts Receivable for the six months ended in Dec. 2023 was $1.62 Mil. Hence, Irish Residential Properties REIT's Receivables Turnover for the six months ended in Dec. 2023 was 29.39.

Irish Residential Properties REIT Receivables Turnover Historical Data

The historical data trend for Irish Residential Properties 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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Irish Residential Properties REIT Receivables Turnover Chart

Irish Residential Properties REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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30.02

43.44

50.86

59.39

75.38

Irish Residential Properties REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															32.39	27.54	28.49	26.14	29.39

Competitive Comparison of Irish Residential Properties REIT's Receivables Turnover

For the REIT - Residential subindustry, Irish Residential Properties 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.

Irish Residential Properties REIT's Receivables Turnover Distribution in the REITs Industry

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

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

Irish Residential Properties REIT Receivables Turnover Calculation

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

Irish Residential Properties 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 )
=	95.806	/ (	(1.489	+	1.053)	/	2 )
=	95.806	/	1.271
=	75.38

Irish Residential Properties REIT's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	47.522	/ (	(2.181	+	1.053)	/	2 )
=	47.522	/	1.617
=	29.39

Irish Residential Properties REIT (OTCPK:RSHPF) 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.

Irish Residential Properties REIT Receivables Turnover Related Terms

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Irish Residential Properties REIT (Irish Residential Properties REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Irish Residential Properties REIT PLC (OTCPK:RSHPF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IRES:Ireland 0QT8:UK IRES:Germany

Address

South Dock House, Hanover Quay, Dublin 2, IRL, D02 XW94

Website

https://www.iresreit.ie

Irish Residential Properties REIT PLC is a Real Estate Investment Trust that focuses on acquiring, holding, managing, and developing investments primarily focused on residential rental accommodations in Ireland. The group operates in one business segment, namely property investment.