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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. Heiwa Real Estate REIT's Revenue for the
six
months ended in May. 2026 was 円11,525 Mil. Heiwa Real Estate REIT's average Accounts Receivable for the
six
months ended in May. 2026 was 円191 Mil.
Hence, Heiwa Real Estate REIT's Receivables Turnover for the
six
months ended in May. 2026 was 60.19.
Heiwa Real Estate REIT (TSE:8966) 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.
Heiwa Real Estate REIT Receivables Turnover Related Terms
Heiwa Real Estate REIT Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Heiwa Real Estate REIT'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.
TSE:8966 vs VICI, WPC: Receivables Turnover Comparison
For the REIT - Diversified subindustry, Heiwa Real Estate REIT'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.
Heiwa Real Estate REIT Receivables Turnover vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's Receivables Turnover falls into.
* 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.
Heiwa Real Estate REIT (TSE:8966) has a Receivables Turnover of 60.19 as of May. 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 Heiwa Real Estate REIT and its competitors. According to the industry distribution chart, Heiwa Real Estate REIT ranks #53 out of 666 companies in the REITs industry, placing it in the top 8%.
Is Heiwa Real Estate REIT's Receivables Turnover too high?
Heiwa Real Estate REIT's current Receivables Turnover is 60.19. The REITs industry median Receivables Turnover is 15.98. Heiwa Real Estate REIT's value of 60.19 is 276.7% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #53 out of 666 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Heiwa Real Estate REIT has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's Receivables Turnover compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #53 out of 666 companies for Receivables Turnover. This places Heiwa Real Estate REIT in the top 8% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 15.98. Heiwa Real Estate REIT's value of 60.19 is 276.7% 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 15.98, based on 666 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. Heiwa Real Estate REIT's current Receivables Turnover of 60.19 is 276.7% 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 Heiwa Real Estate REIT and its competitors. For the REITs industry, the median Receivables Turnover is 15.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current Receivables Turnover is 60.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円157,057.81, compared to a current price of 円132,200.00 — trading 15.8% below its estimated fair value. The current Receivables Turnover is 60.19 and 276.7% above the REITs industry median of 15.98. Heiwa Real Estate REIT's overall GF Score™ is 71/100 with 4 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 Heiwa Real Estate REIT (TSE:8966), the current Receivables Turnover is 60.19 as of May. 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 Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued.
The current stock price of 円132,200.00 is trading 15.8% below its estimated GF Value™ of 円157,057.81.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
Receivables Turnover: 60.19
GF Value™: 円157,057.81 vs. price of 円132,200.00 (15.8% below fair value)
Industry Position: 276.7% above the REITs median (#53 of 666)
No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
71GF Score
Get the complete analysis for TSE:8966
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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