Heiwa Real Estate REIT (TSE:8966) Receivables Turnover : 59.04 (As of Nov. 2024)

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What is Heiwa Real Estate REIT 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. Heiwa Real Estate REIT's Revenue for the six months ended in Nov. 2024 was 円9,045 Mil. Heiwa Real Estate REIT's average Accounts Receivable for the six months ended in Nov. 2024 was 円153 Mil. Hence, Heiwa Real Estate REIT's Receivables Turnover for the six months ended in Nov. 2024 was 59.04.

Heiwa Real Estate REIT Receivables Turnover Historical Data

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.

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Heiwa Real Estate REIT Receivables Turnover Chart

Heiwa Real Estate REIT Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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234.74

316.50

308.96

308.02

134.42

Heiwa Real Estate REIT Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Receivables Turnover	Get a 7-Day Free Trial															109.81	56.21	64.72	64.26	59.04

Competitive Comparison of Heiwa Real Estate REIT's Receivables Turnover

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's Receivables Turnover Distribution in the 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.

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Heiwa Real Estate REIT Receivables Turnover Calculation

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

Heiwa Real Estate REIT's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	16706.808	/ (	(0	+	124.285)	/	1 )
=	16706.808	/	124.285
=	134.42

Heiwa Real Estate REIT's Receivables Turnover for the quarter that ended in Nov. 2024 is calculated as

	Receivables Turnover (Q: Nov. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2024 )	/ (	(Accounts Receivable (Q: May. 2024 )	+	Accounts Receivable (Q: Nov. 2024 ))	/	count )
=	9045.471	/ (	(147.576	+	158.831)	/	2 )
=	9045.471	/	153.2035
=	59.04

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

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Heiwa Real Estate REIT Business Description

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Address

2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6237

Website

http://www.heiwa-re.co.jp

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. The company's assets are managed by Heiwa Real Estate Asset Management Co.

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