MIRARTH Real Estate Investment (TSE:3492) Receivables Turnover: 23.76 (As of Feb. 2026)

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TSE:3492 MIRARTH Real Estate Investment Corp TSE:3492
52 GF Score
Price 円80,200.00
GF Value 円103,596.59
Valuation Modestly Undervalued
! 5 Warning Signs
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What is MIRARTH Real Estate Investment Receivables Turnover?

MIRARTH Real Estate Investment TSE:3492 -0.87% 52 Receivables Turnover is 23.76 as of Feb. 2026. GuruFocus rates TSE:3492 with a GF Score™ of 52/100 and a GF Value™ of 円103,596.59 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 664 REITs companies, MIRARTH Real Estate Investment ranks better than 78.92% on this metric.

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. MIRARTH Real Estate Investment's Revenue for the six months ended in Feb. 2026 was 円5,562 Mil. MIRARTH Real Estate Investment's average Accounts Receivable for the six months ended in Feb. 2026 was 円234 Mil. Hence, MIRARTH Real Estate Investment's Receivables Turnover for the six months ended in Feb. 2026 was 23.76.


MIRARTH Real Estate Investment  (TSE:3492) 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.


MIRARTH Real Estate Investment Receivables Turnover Related Terms


MIRARTH Real Estate Investment Receivables Turnover Historical Data

* Premium members only.

The historical data trend for MIRARTH Real Estate 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.

MIRARTH Real Estate Investment Receivables Turnover Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Receivables Turnover
Get a 7-Day Free Trial 67.56 80.84 68.19 60.71 55.99

MIRARTH Real Estate Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 31.29 32.80 30.92 25.27 23.76

TSE:3492 vs VICI, WPC: Receivables Turnover Comparison

For the REIT - Diversified subindustry, MIRARTH Real Estate 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.


MIRARTH Real Estate Investment Receivables Turnover vs REITs Industry

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

* The bar in red indicates where MIRARTH Real Estate Investment's Receivables Turnover falls into.


TSE:3492
52GF Score
MIRARTH Real Estate Investment Corp TSE:3492
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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MIRARTH Real Estate Investment Receivables Turnover Calculation

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

MIRARTH Real Estate Investment's Receivables Turnover for the fiscal year that ended in Aug. 2025 is calculated as

Receivables Turnover (A: Aug. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Aug. 2025 ) / ((Accounts Receivable (A: Aug. 2024 ) + Accounts Receivable (A: Aug. 2025 )) / count )
=10930.829 / ((146.383 + 244.101) / 2 )
=10930.829 / 195.242
=55.99

MIRARTH Real Estate Investment's Receivables Turnover for the quarter that ended in Feb. 2026 is calculated as

Receivables Turnover (Q: Feb. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Feb. 2026 ) / ((Accounts Receivable (Q: Aug. 2025 ) + Accounts Receivable (Q: Feb. 2026 )) / count )
=5562.26 / ((244.101 + 224.052) / 2 )
=5562.26 / 234.0765
=23.76

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 23.76 mean?
MIRARTH Real Estate Investment (TSE:3492) has a Receivables Turnover of 23.76 as of Feb. 2026. The accounts 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. View historical data on MIRARTH Real Estate Investment and its competitors. According to the industry distribution chart, MIRARTH Real Estate Investment ranks #140 out of 664 companies in the REITs industry, placing it in the top 21.1%.
Is MIRARTH Real Estate Investment's Receivables Turnover too high?
MIRARTH Real Estate Investment's current Receivables Turnover is 23.76. The REITs industry median Receivables Turnover is 15.93. MIRARTH Real Estate Investment's value of 23.76 is 49.2% above this industry median. Based on the distribution chart, MIRARTH Real Estate Investment ranks #140 out of 664 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, MIRARTH Real Estate Investment has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Receivables Turnover compare to VICI and WPC?
According to the REITs industry distribution chart, MIRARTH Real Estate Investment ranks #140 out of 664 companies for Receivables Turnover. This places MIRARTH Real Estate Investment in the top 21% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 15.93. MIRARTH Real Estate Investment's value of 23.76 is 49.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a REITs company?
The median Receivables Turnover among REITs companies is 15.93, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIRARTH Real Estate Investment's current Receivables Turnover of 23.76 is 49.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on MIRARTH Real Estate Investment and its competitors. For the REITs industry, the median Receivables Turnover is 15.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRARTH Real Estate Investment's current Receivables Turnover is 23.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,596.59, compared to a current price of 円80,200.00 — trading 22.6% below its estimated fair value. The current Receivables Turnover is 23.76 and 49.2% above the REITs industry median of 15.93. MIRARTH Real Estate Investment's overall GF Score™ is 52/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For MIRARTH Real Estate Investment (TSE:3492), the current Receivables Turnover is 23.76 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?

Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued. The current stock price of 円80,200.00 is trading 22.6% below its estimated GF Value™ of 円103,596.59. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • Receivables Turnover: 23.76
  • GF Value™: 円103,596.59 vs. price of 円80,200.00 (22.6% below fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 49.2% above the REITs median (#140 of 664)

No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MIRARTH Real Estate Investment Business Description

Industry Real EstateREITs
Address 2-2-1 Otemachi, Shin-Otemachi Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 107-0052
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
52GF Score

Get the complete analysis for TSE:3492

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円80,200.00
Price
円103,596.59
GF Value