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Tosei Reit Investment (TSE:3451) Receivables Turnover : 186.10 (As of Oct. 2023)


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What is Tosei Reit Investment 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. Tosei Reit Investment's Revenue for the six months ended in Oct. 2023 was 円3,522 Mil. Tosei Reit Investment's average Accounts Receivable for the six months ended in Oct. 2023 was 円19 Mil. Hence, Tosei Reit Investment's Receivables Turnover for the six months ended in Oct. 2023 was 186.10.


Tosei Reit Investment Receivables Turnover Historical Data

The historical data trend for Tosei Reit Investment'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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Tosei Reit Investment Receivables Turnover Chart

Tosei Reit Investment Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 742.36 602.68 469.63 361.00 386.48

Tosei Reit Investment Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 217.78 220.88 219.21 172.39 186.10

Competitive Comparison of Tosei Reit Investment's Receivables Turnover

For the REIT - Diversified subindustry, Tosei Reit Investment'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.


Tosei Reit Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Tosei Reit Investment's Receivables Turnover falls into.



Tosei Reit Investment Receivables Turnover Calculation

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

Tosei Reit Investment's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=7003.759 / ((19.398 + 16.846) / 2 )
=7003.759 / 18.122
=386.48

Tosei Reit Investment's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

Receivables Turnover (Q: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2023 ) / ((Accounts Receivable (Q: Apr. 2023 ) + Accounts Receivable (Q: Oct. 2023 )) / count )
=3521.604 / ((21.001 + 16.846) / 2 )
=3521.604 / 18.9235
=186.10

* 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.


Tosei Reit Investment  (TSE:3451) 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.


Tosei Reit Investment Receivables Turnover Related Terms

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Tosei Reit Investment (TSE:3451) Business Description

Traded in Other Exchanges
N/A
Address
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo, JPN
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.

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