Equity Commonwealth (Equity Commonwealth) Receivables Turnover : 0.98 (As of Dec. 2023)

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What is Equity Commonwealth 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. Equity Commonwealth's Revenue for the three months ended in Dec. 2023 was $15.15 Mil. Equity Commonwealth's average Accounts Receivable for the three months ended in Dec. 2023 was $15.46 Mil. Hence, Equity Commonwealth's Receivables Turnover for the three months ended in Dec. 2023 was 0.98.

Equity Commonwealth Receivables Turnover Historical Data

The historical data trend for Equity Commonwealth'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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Equity Commonwealth Receivables Turnover Chart

Equity Commonwealth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.62

3.87

3.83

4.00

3.81

Equity Commonwealth 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															0.98	0.99	0.92	0.97	0.98

Competitive Comparison of Equity Commonwealth's Receivables Turnover

For the REIT - Office subindustry, Equity Commonwealth'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.

Equity Commonwealth's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Equity Commonwealth's Receivables Turnover falls into.

Equity Commonwealth Receivables Turnover Calculation

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

Equity Commonwealth'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 )
=	60.524	/ (	(16.009	+	15.737)	/	2 )
=	60.524	/	15.873
=	3.81

Equity Commonwealth'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 )
=	15.146	/ (	(15.174	+	15.737)	/	2 )
=	15.146	/	15.4555
=	0.98

Equity Commonwealth (NYSE:EQCPRECL.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.

Equity Commonwealth Receivables Turnover Related Terms

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Equity Commonwealth (Equity Commonwealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Commonwealth (NYSE:EQCPRECL.PFD) » Definitions » Receivables Turnover

Comparable Companies

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EQCpD.PFD:USA EQC:USA

Address

Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606

Website

https://www.eqcre.com

Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.