Washington Prime Group (Washington Prime Group) Receivables Turnover : 1.38 (As of Jun. 2021)

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What is Washington Prime Group 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. Washington Prime Group's Revenue for the three months ended in Jun. 2021 was $138.40 Mil. Washington Prime Group's average Accounts Receivable for the three months ended in Jun. 2021 was $100.00 Mil. Hence, Washington Prime Group's Receivables Turnover for the three months ended in Jun. 2021 was 1.38.

Washington Prime Group Receivables Turnover Historical Data

The historical data trend for Washington Prime Group'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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Washington Prime Group Receivables Turnover Chart

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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8.81

7.92

8.16

7.86

4.87

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Receivables Turnover	Get a 7-Day Free Trial															0.96	1.01	1.19	1.12	1.38

Competitive Comparison of Washington Prime Group's Receivables Turnover

For the REIT - Retail subindustry, Washington Prime Group'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.

Washington Prime Group's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Washington Prime Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Washington Prime Group's Receivables Turnover falls into.

Washington Prime Group Receivables Turnover Calculation

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

Washington Prime Group's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	524.418	/ (	(82.762	+	132.61)	/	2 )
=	524.418	/	107.686
=	4.87

Washington Prime Group's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	138.397	/ (	(102.561	+	97.43)	/	2 )
=	138.397	/	99.9955
=	1.38

Washington Prime Group (OTCPK:WPGHQ.PFD) 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.

Washington Prime Group Receivables Turnover Related Terms

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Washington Prime Group (Washington Prime Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGHQ.PFD) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.