SLTTF (Ravelin Properties REIT) Receivables Turnover : 11.50 (As of Sep. 2024)

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What is Ravelin 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. Ravelin Properties REIT's Revenue for the three months ended in Sep. 2024 was $37.0 Mil. Ravelin Properties REIT's average Accounts Receivable for the three months ended in Sep. 2024 was $3.2 Mil. Hence, Ravelin Properties REIT's Receivables Turnover for the three months ended in Sep. 2024 was 11.50.

Ravelin Properties REIT Receivables Turnover Historical Data

The historical data trend for Ravelin 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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Ravelin Properties REIT Receivables Turnover Chart

Ravelin Properties REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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97.68

56.73

43.13

48.97

64.46

Ravelin Properties REIT 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															16.01	17.94	22.25	13.82	11.50

Competitive Comparison of Ravelin Properties REIT's Receivables Turnover

For the REIT - Office subindustry, Ravelin 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.

Ravelin Properties REIT's Receivables Turnover Distribution in the REITs Industry

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

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

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Ravelin Properties REIT Receivables Turnover Calculation

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

Ravelin 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 )
=	147.302	/ (	(3.079	+	1.491)	/	2 )
=	147.302	/	2.285
=	64.46

Ravelin Properties REIT'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 )
=	37.03	/ (	(3.388	+	3.054)	/	2 )
=	37.03	/	3.221
=	11.50

Ravelin Properties REIT (OTCPK:SLTTF) 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.

Ravelin Properties REIT Receivables Turnover Related Terms

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Ravelin Properties REIT Business Description

Industry

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RPR.UN:Canada

Address

121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9

Website

https://www.ravelinreit.com

Ravelin Properties REIT, formerly Slate Office REIT is an open-ended real estate investment trust. The company focuses on acquiring, holding, developing, maintaining, improving, leasing, managing, or otherwise dealing with office properties in Canada. the REIT's portfolio consists of approximately fifty four commercial properties located in Canada. Its fundamental and thematic approach to investment and asset management leads to value creation. The company operates in Canada, United States, and Ireland.