Mitsubishi Estate Logistics REIT Investment (TSE:3481) Receivables Turnover : 98.98 (As of Aug. 2023)

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What is Mitsubishi Estate Logistics 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. Mitsubishi Estate Logistics REIT Investment's Revenue for the six months ended in Aug. 2023 was 円7,511 Mil. Mitsubishi Estate Logistics REIT Investment's average Accounts Receivable for the six months ended in Aug. 2023 was 円76 Mil. Hence, Mitsubishi Estate Logistics REIT Investment's Receivables Turnover for the six months ended in Aug. 2023 was 98.98.

Mitsubishi Estate Logistics REIT Investment Receivables Turnover Historical Data

The historical data trend for Mitsubishi Estate Logistics 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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Mitsubishi Estate Logistics REIT Investment Receivables Turnover Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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205.68

264.06

258.40

197.64

195.11

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial									122.85	114.70	99.67	98.98	97.70

Competitive Comparison of Mitsubishi Estate Logistics REIT Investment's Receivables Turnover

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics 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.

Mitsubishi Estate Logistics REIT Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Mitsubishi Estate Logistics REIT Investment's Receivables Turnover falls into.

Mitsubishi Estate Logistics REIT Investment Receivables Turnover Calculation

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

Mitsubishi Estate Logistics REIT Investment's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	14660.806	/ (	(70.995	+	79.284)	/	2 )
=	14660.806	/	75.1395
=	195.11

Mitsubishi Estate Logistics REIT Investment's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	7510.976	/ (	(72.477	+	79.284)	/	2 )
=	7510.976	/	75.8805
=	98.98

Mitsubishi Estate Logistics REIT Investment (TSE:3481) 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.

Mitsubishi Estate Logistics REIT Investment Receivables Turnover Related Terms

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Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » Receivables Turnover

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Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

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