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Comforia Residential REIT (TSE:3282) Receivables Turnover : 1,496.30 (As of Jul. 2024)


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What is Comforia Residential 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. Comforia Residential REIT's Revenue for the six months ended in Jul. 2024 was 円11,389 Mil. Comforia Residential REIT's average Accounts Receivable for the six months ended in Jul. 2024 was 円8 Mil. Hence, Comforia Residential REIT's Receivables Turnover for the six months ended in Jul. 2024 was 1,496.30.


Comforia Residential REIT Receivables Turnover Historical Data

The historical data trend for Comforia Residential 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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Comforia Residential REIT Receivables Turnover Chart

Comforia Residential REIT Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,840.72 2,274.15 2,386.84 2,968.50 2,742.07

Comforia Residential REIT Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,197.16 1,364.82 1,492.77 1,696.48 1,496.30

Competitive Comparison of Comforia Residential REIT's Receivables Turnover

For the REIT - Residential subindustry, Comforia Residential 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.


Comforia Residential REIT's Receivables Turnover Distribution in the REITs Industry

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

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



Comforia Residential REIT Receivables Turnover Calculation

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

Comforia Residential REIT's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

Receivables Turnover (A: Jul. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2024 ) / ((Accounts Receivable (A: Jul. 2023 ) + Accounts Receivable (A: Jul. 2024 )) / count )
=22053.115 / ((6.717 + 9.368) / 2 )
=22053.115 / 8.0425
=2,742.07

Comforia Residential REIT's Receivables Turnover for the quarter that ended in Jul. 2024 is calculated as

Receivables Turnover (Q: Jul. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jul. 2024 ) / ((Accounts Receivable (Q: Jan. 2024 ) + Accounts Receivable (Q: Jul. 2024 )) / count )
=11389.063 / ((5.855 + 9.368) / 2 )
=11389.063 / 7.6115
=1,496.30

* 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.


Comforia Residential REIT  (TSE:3282) 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.


Comforia Residential REIT Receivables Turnover Related Terms

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Comforia Residential REIT Business Description

Traded in Other Exchanges
N/A
Address
1-21-1 Dogenzaka, Shibuya-ku, Tokyo, JPN
Comforia Residential REIT Inc is a Japan-based residential real estate investment trust. The company is engaged in investment in residential real estates for lease, real estate backed assets and general leasing properties. It offers leasing properties for singles and small families. The REIT invests in leasing properties located in Tokyo metropolitan and other residential properties in communities in other cities.

Comforia Residential REIT Headlines

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