Japan Prime Realty Investment (TSE:8955) Receivables Turnover : 26.72 (As of Dec. 2023)

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What is Japan Prime Realty 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. Japan Prime Realty Investment's Revenue for the six months ended in Dec. 2023 was 円17,412 Mil. Japan Prime Realty Investment's average Accounts Receivable for the six months ended in Dec. 2023 was 円652 Mil. Hence, Japan Prime Realty Investment's Receivables Turnover for the six months ended in Dec. 2023 was 26.72.

Japan Prime Realty Investment Receivables Turnover Historical Data

The historical data trend for Japan Prime Realty 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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Japan Prime Realty Investment Receivables Turnover Chart

Japan Prime Realty Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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119.26

129.30

121.24

82.58

54.67

Japan Prime Realty Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															62.25	45.44	34.82	31.10	26.72

Competitive Comparison of Japan Prime Realty Investment's Receivables Turnover

For the REIT - Diversified subindustry, Japan Prime Realty 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.

Japan Prime Realty Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Japan Prime Realty Investment's Receivables Turnover falls into.

Japan Prime Realty Investment Receivables Turnover Calculation

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

Japan Prime Realty Investment's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	35585.396	/ (	(583.489	+	718.302)	/	2 )
=	35585.396	/	650.8955
=	54.67

Japan Prime Realty Investment'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	17411.577	/ (	(585.133	+	718.302)	/	2 )
=	17411.577	/	651.7175
=	26.72

Japan Prime Realty Investment (TSE:8955) 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.

Japan Prime Realty Investment Receivables Turnover Related Terms

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Japan Prime Realty Investment (TSE:8955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Prime Realty Investment Corp (TSE:8955) » Definitions » Receivables Turnover

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58JA:Germany

Address

4-16 Yaesu, 1-Chome, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.jpr-reit.co.jp

Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust primarily involved in the ownership of properties in the Greater Tokyo region. Most of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.

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