Innovative Industrial Properties (LTS:0JBD) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Innovative Industrial Properties 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. Innovative Industrial Properties's Revenue for the three months ended in Dec. 2023 was $79.2 Mil. Innovative Industrial Properties's average Accounts Receivable for the three months ended in Dec. 2023 was $0.0 Mil.

Innovative Industrial Properties Receivables Turnover Historical Data

The historical data trend for Innovative Industrial Properties'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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Innovative Industrial Properties Receivables Turnover Chart

Innovative Industrial Properties Annual Data

Trend

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Receivables Turnover

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Innovative Industrial Properties Quarterly Data
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Competitive Comparison of Innovative Industrial Properties's Receivables Turnover

For the REIT - Industrial subindustry, Innovative Industrial Properties'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.

Innovative Industrial Properties's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Innovative Industrial Properties's Receivables Turnover falls into.

Innovative Industrial Properties Receivables Turnover Calculation

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

Innovative Industrial Properties'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 )
=	309.506	/ (	(0	+	0)	/	1 )
=	309.506	/	0
=	N/A

Innovative Industrial Properties'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 )
=	79.156	/ (	(0	+	0)	/	1 )
=	79.156	/	0
=	N/A

Innovative Industrial Properties (LTS:0JBD) 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.

Innovative Industrial Properties Receivables Turnover Related Terms

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Innovative Industrial Properties (LTS:0JBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (LTS:0JBD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IIPRpA.PFD:USA IIPR:USA 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

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