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Kimco Realty (BSP:K1IM34) Receivables Turnover : 1.94 (As of Dec. 2023)


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What is Kimco Realty 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. Kimco Realty's Revenue for the three months ended in Dec. 2023 was R$2,213 Mil. Kimco Realty's average Accounts Receivable for the three months ended in Dec. 2023 was R$1,142 Mil. Hence, Kimco Realty's Receivables Turnover for the three months ended in Dec. 2023 was 1.94.


Kimco Realty Receivables Turnover Historical Data

The historical data trend for Kimco Realty'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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Kimco Realty Receivables Turnover Chart

Kimco Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.89 6.00 7.89 8.16 7.37

Kimco Realty 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.08 1.90 1.83 2.00 1.94

Competitive Comparison of Kimco Realty's Receivables Turnover

For the REIT - Retail subindustry, Kimco Realty'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.


Kimco Realty's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Kimco Realty's Receivables Turnover falls into.



Kimco Realty Receivables Turnover Calculation

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

Kimco Realty'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 )
=8738.303 / ((1182.539 + 1188.74) / 2 )
=8738.303 / 1185.6395
=7.37

Kimco Realty'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 )
=2212.764 / ((1094.717 + 1188.74) / 2 )
=2212.764 / 1141.7285
=1.94

* 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.


Kimco Realty  (BSP:K1IM34) 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.


Kimco Realty Receivables Turnover Related Terms

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Kimco Realty (BSP:K1IM34) Business Description

Traded in Other Exchanges
Address
500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 5,282 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.

Kimco Realty (BSP:K1IM34) Headlines

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