TCOPK.PFD (Taubman Centers) Receivables Turnover : 0.77 (As of Sep. 2020)

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What is Taubman Centers 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. Taubman Centers's Revenue for the three months ended in Sep. 2020 was $131.00 Mil. Taubman Centers's average Accounts Receivable for the three months ended in Sep. 2020 was $170.97 Mil. Hence, Taubman Centers's Receivables Turnover for the three months ended in Sep. 2020 was 0.77.

Taubman Centers Receivables Turnover Historical Data

The historical data trend for Taubman Centers'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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Taubman Centers Receivables Turnover Chart

Taubman Centers Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Receivables Turnover

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10.48

10.40

8.60

7.55

7.43

Taubman Centers Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Receivables Turnover	Get a 7-Day Free Trial															1.99	1.99	1.73	0.91	0.77

Competitive Comparison of Taubman Centers's Receivables Turnover

For the REIT - Retail subindustry, Taubman Centers'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.

Taubman Centers's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Taubman Centers's Receivables Turnover falls into.

Taubman Centers Receivables Turnover Calculation

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

Taubman Centers's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	661.054	/ (	(84.918	+	93.074)	/	2 )
=	661.054	/	88.996
=	7.43

Taubman Centers's Receivables Turnover for the quarter that ended in Sep. 2020 is calculated as

	Receivables Turnover (Q: Sep. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2020 )	/ (	(Accounts Receivable (Q: Jun. 2020 )	+	Accounts Receivable (Q: Sep. 2020 ))	/	count )
=	130.998	/ (	(169.414	+	172.525)	/	2 )
=	130.998	/	170.9695
=	0.77

Taubman Centers (NYSE:TCOpK.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.

Taubman Centers Receivables Turnover Related Terms

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Taubman Centers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Taubman Centers Inc (NYSE:TCOpK.PFD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 East Long Lake Road, Suite 300, Bloomfield Hills, MI, USA, 48304-2324

Website

http://www.taubman.com

Taubman Centers Inc is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of shopping centers. The company owns or operates a collection of over 20 urban and suburban shopping centers in U.S. states, Puerto Rico, South Korea, and China. Some of the operating malls of the group are Cherry Creek Shopping center, City Creek Center, Dolphin Mall, Fair Oaks Mall, and Stamford Town Center. Taubman derives its revenue by offering its properties on lease.

Executives

Ryan Hurren	officer: VP, Investor Relations, CAO	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Michelle J Goldberg	director	601 UNION STREET, SUITE 3100, SEATTLE WA 98101
Nancy Killefer	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Janice L Fields	director	800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
Jonathan Litt	director	LAND AND BUILDINGS, 1 LANDMARK SQUARE, 7TH FLOOR, STAMFORD CT 06901
Michael J Embler	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Mayree C Clark	director	C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265
Paul Aubrey Wright	officer: EVP, Global Head of Leasing	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Peter John Sharp	officer: President, Taubman Asia Mngmt	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Marakovits Cornelia Connelly	director	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., STE 300, BLOOMFIELD HILLS MI 48304
Simon Leopold	officer: CFO	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff	officer: CAO	70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
David Ii Joseph	officer: Senior Vice President, Leasing	TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., SUITE 300, BLOOMFIELD HILLS MI 48304-2324
Rene Tremblay	officer: President, Taubman Asia Mngmt	SUITE 1107-11, 11/F, TWO PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY K3 00000
Ronald W Tysoe	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202