Sumitomo Realty & Development Co (TSE:8830) Receivables Turnover : 10.86 (As of Dec. 2023)

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What is Sumitomo Realty & Development Co 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. Sumitomo Realty & Development Co's Revenue for the three months ended in Dec. 2023 was 円221,215 Mil. Sumitomo Realty & Development Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円20,364 Mil. Hence, Sumitomo Realty & Development Co's Receivables Turnover for the three months ended in Dec. 2023 was 10.86.

Sumitomo Realty & Development Co Receivables Turnover Historical Data

The historical data trend for Sumitomo Realty & Development Co'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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Sumitomo Realty & Development Co Receivables Turnover Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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44.65

52.01

50.80

44.74

30.65

Sumitomo Realty & Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															13.20	8.75	9.13	13.54	10.86

Competitive Comparison of Sumitomo Realty & Development Co's Receivables Turnover

For the Real Estate Services subindustry, Sumitomo Realty & Development Co'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.

Sumitomo Realty & Development Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sumitomo Realty & Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sumitomo Realty & Development Co's Receivables Turnover falls into.

Sumitomo Realty & Development Co Receivables Turnover Calculation

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

Sumitomo Realty & Development Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	939904	/ (	(23285	+	38047)	/	2 )
=	939904	/	30666
=	30.65

Sumitomo Realty & Development Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	221215	/ (	(19830	+	20898)	/	2 )
=	221215	/	20364
=	10.86

Sumitomo Realty & Development Co (TSE:8830) 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.

Sumitomo Realty & Development Co Receivables Turnover Related Terms

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Sumitomo Realty & Development Co (TSE:8830) Business Description

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SURDF:USA

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

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