Flagship Communities REIT (TSX:MHC.U) Receivables Turnover : 22.30 (As of Sep. 2024)

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What is Flagship Communities 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. Flagship Communities REIT's Revenue for the three months ended in Sep. 2024 was $23.23 Mil. Flagship Communities REIT's average Accounts Receivable for the three months ended in Sep. 2024 was $1.04 Mil. Hence, Flagship Communities REIT's Receivables Turnover for the three months ended in Sep. 2024 was 22.30.

Flagship Communities REIT Receivables Turnover Historical Data

The historical data trend for Flagship Communities 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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Flagship Communities REIT Receivables Turnover Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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64.60

76.37

89.16

95.89

Flagship Communities REIT Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															25.02	24.33	27.63	23.67	22.30

Competitive Comparison of Flagship Communities REIT's Receivables Turnover

For the REIT - Residential subindustry, Flagship Communities 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.

Flagship Communities REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Flagship Communities REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Flagship Communities REIT's Receivables Turnover falls into.

Flagship Communities REIT Receivables Turnover Calculation

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

Flagship Communities REIT'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 )
=	71.052	/ (	(0.717	+	0.765)	/	2 )
=	71.052	/	0.741
=	95.89

Flagship Communities REIT's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	23.228	/ (	(1.117	+	0.966)	/	2 )
=	23.228	/	1.0415
=	22.30

Flagship Communities REIT (TSX:MHC.U) 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.

Flagship Communities REIT Receivables Turnover Related Terms

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Flagship Communities REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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