H&R Real Estate Investment Trust (TSX:HR.UN) Receivables Turnover : 32.06 (As of Dec. 2023)

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What is H&R Real Estate Investment Trust 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. H&R Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was C$205.9 Mil. H&R Real Estate Investment Trust's average Accounts Receivable for the three months ended in Dec. 2023 was C$6.4 Mil. Hence, H&R Real Estate Investment Trust's Receivables Turnover for the three months ended in Dec. 2023 was 32.06.

H&R Real Estate Investment Trust Receivables Turnover Historical Data

The historical data trend for H&R Real Estate Investment Trust'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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H&R Real Estate Investment Trust Receivables Turnover Chart

H&R Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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96.75

70.93

82.75

145.81

150.97

H&R Real Estate Investment Trust 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															40.04	38.72	33.21	30.54	32.06

Competitive Comparison of H&R Real Estate Investment Trust's Receivables Turnover

For the REIT - Diversified subindustry, H&R Real Estate Investment Trust'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.

H&R Real Estate Investment Trust's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, H&R Real Estate Investment Trust's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where H&R Real Estate Investment Trust's Receivables Turnover falls into.

H&R Real Estate Investment Trust Receivables Turnover Calculation

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

H&R Real Estate Investment Trust'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 )
=	847.146	/ (	(5.318	+	5.905)	/	2 )
=	847.146	/	5.6115
=	150.97

H&R Real Estate Investment Trust'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 )
=	205.904	/ (	(6.941	+	5.905)	/	2 )
=	205.904	/	6.423
=	32.06

H&R Real Estate Investment Trust (TSX:HR.UN) 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.

H&R Real Estate Investment Trust Receivables Turnover Related Terms

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H&R Real Estate Investment Trust (TSX:HR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » H&R Real Estate Investment Trust (TSX:HR.UN) » Definitions » Receivables Turnover

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HRUFF:USA

Address

3625 Dufferin Street, Suite 500, Toronto, ON, CAN, M3K 1N4

Website

https://www.hr-reit.com

H&R Real Estate Investment Trust is a real estate investment trust principally involved in the ownership of properties in Canada and the U.S. The REIT has four reportable operating segments- Residential, Industrial, Office and Retail, in two geographical locations -Canada and the United States. The operating segments derive their revenue from rental income from leases. The majority of this income is generated by its Canadian properties. In terms of property type, H&R's Office contribute to its total revenue.

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