SHOPRDCL.PFD (Sunstone Hotel Investors) Receivables Turnover : 6.30 (As of Sep. 2024)

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What is Sunstone Hotel Investors 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. Sunstone Hotel Investors's Revenue for the three months ended in Sep. 2024 was $226.39 Mil. Sunstone Hotel Investors's average Accounts Receivable for the three months ended in Sep. 2024 was $35.95 Mil. Hence, Sunstone Hotel Investors's Receivables Turnover for the three months ended in Sep. 2024 was 6.30.

Sunstone Hotel Investors Receivables Turnover Historical Data

The historical data trend for Sunstone Hotel Investors'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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Sunstone Hotel Investors Receivables Turnover Chart

Sunstone Hotel Investors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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32.30

12.24

27.30

25.76

26.92

Sunstone Hotel Investors 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															6.46	7.33	6.40	6.64	6.30

Competitive Comparison of Sunstone Hotel Investors's Receivables Turnover

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors'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.

Sunstone Hotel Investors's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Sunstone Hotel Investors's Receivables Turnover falls into.

Sunstone Hotel Investors Receivables Turnover Calculation

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

Sunstone Hotel Investors'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 )
=	986.48	/ (	(42.092	+	31.206)	/	2 )
=	986.48	/	36.649
=	26.92

Sunstone Hotel Investors'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 )
=	226.392	/ (	(37.793	+	34.11)	/	2 )
=	226.392	/	35.9515
=	6.30

Sunstone Hotel Investors (NYSE:SHOPRDCL.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.

Sunstone Hotel Investors Receivables Turnover Related Terms

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Sunstone Hotel Investors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sunstone Hotel Investors Inc (NYSE:SHOPRDCL.PFD) » Definitions » Receivables Turnover

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SHO:USA

Address

15 Enterprise, Suite 200, Aliso Viejo, CA, USA, 92656

Website

https://www.sunstonehotels.com

Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. Its firm's portfolio consists upper upscale and luxury hotels located in convention, resort destination and urban markets. Its majority of the hotels operate under a brand owned by Marriott, Hilton, Hyatt, Four Seasons or Montage. It operates geographically in Califiornia which generates the majority of its revenue; Florida; and Hawaii. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.