Advance Logistics Investment (TSE:3493) Receivables Turnover : 128.51 (As of Feb. 2024)

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What is Advance Logistics 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. Advance Logistics Investment's Revenue for the six months ended in Feb. 2024 was 円3,728 Mil. Advance Logistics Investment's average Accounts Receivable for the six months ended in Feb. 2024 was 円29 Mil. Hence, Advance Logistics Investment's Receivables Turnover for the six months ended in Feb. 2024 was 128.51.

Advance Logistics Investment Receivables Turnover Historical Data

The historical data trend for Advance Logistics 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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Advance Logistics Investment Receivables Turnover Chart

Advance Logistics Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Aug23

Receivables Turnover

43.78

64.03

104.83

152.16

Advance Logistics Investment Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial					60.11	69.60	78.69	108.11	128.51

Competitive Comparison of Advance Logistics Investment's Receivables Turnover

For the REIT - Industrial subindustry, Advance Logistics 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.

Advance Logistics Investment's Receivables Turnover Distribution in the REITs Industry

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

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

Advance Logistics Investment Receivables Turnover Calculation

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

Advance Logistics 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: Jul. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	0	/ (	(36.541	+	31.714)	/	2 )
=	0	/	34.1275
=	N/A

Advance Logistics Investment's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	3728.255	/ (	(31.714	+	26.308)	/	2 )
=	3728.255	/	29.011
=	128.51

Advance Logistics Investment (TSE:3493) 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.

Advance Logistics Investment Receivables Turnover Related Terms

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Advance Logistics Investment (TSE:3493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Logistics Investment Corp (TSE:3493) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-105 Kanda-Jinbocho, 17th Floor, Jinbocho Mitsui Building, Chiyoda Ward, Tokyo, JPN

Website

https://www.adl-reit.com

Advance Logistics Investment Corp is a Japanese real estate investment company. It is engaged in investing in logistics real estate.

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