Daiwa Office Investment (TSE:8976) Receivables Turnover : 143.54 (As of Nov. 2023)

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What is Daiwa Office 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. Daiwa Office Investment's Revenue for the six months ended in Nov. 2023 was 円13,646 Mil. Daiwa Office Investment's average Accounts Receivable for the six months ended in Nov. 2023 was 円95 Mil. Hence, Daiwa Office Investment's Receivables Turnover for the six months ended in Nov. 2023 was 143.54.

Daiwa Office Investment Receivables Turnover Historical Data

The historical data trend for Daiwa Office 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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Daiwa Office Investment Receivables Turnover Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Receivables Turnover

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125.75

143.54

104.86

103.79

195.26

Daiwa Office Investment Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															72.01	104.90	148.80	154.54	143.54

Competitive Comparison of Daiwa Office Investment's Receivables Turnover

For the REIT - Office subindustry, Daiwa Office 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.

Daiwa Office Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa Office Investment's Receivables Turnover falls into.

Daiwa Office Investment Receivables Turnover Calculation

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

Daiwa Office Investment's Receivables Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Receivables Turnover (A: Nov. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2022 )	/ (	(Accounts Receivable (A: Nov. 2021 )	+	Accounts Receivable (A: Nov. 2022 ))	/	count )
=	28366.205	/ (	(189.915	+	100.636)	/	2 )
=	28366.205	/	145.2755
=	195.26

Daiwa Office Investment's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	13646.228	/ (	(94.142	+	95.994)	/	2 )
=	13646.228	/	95.068
=	143.54

Daiwa Office Investment (TSE:8976) 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.

Daiwa Office Investment Receivables Turnover Related Terms

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Daiwa Office Investment (TSE:8976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Office Investment Corp (TSE:8976) » Definitions » Receivables Turnover

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Address

6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website

https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

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