Plaza Retail REIT (Plaza Retail REIT) Receivables Turnover : 11.05 (As of Mar. 2024)

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What is Plaza Retail 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. Plaza Retail REIT's Revenue for the three months ended in Mar. 2024 was $21.85 Mil. Plaza Retail REIT's average Accounts Receivable for the three months ended in Mar. 2024 was $1.98 Mil. Hence, Plaza Retail REIT's Receivables Turnover for the three months ended in Mar. 2024 was 11.05.

Plaza Retail REIT Receivables Turnover Historical Data

The historical data trend for Plaza Retail 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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Plaza Retail REIT Receivables Turnover Chart

Plaza Retail REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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85.31

42.70

44.10

71.77

60.51

Plaza Retail REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															12.94	14.19	17.84	16.05	11.05

Competitive Comparison of Plaza Retail REIT's Receivables Turnover

For the REIT - Retail subindustry, Plaza Retail 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.

Plaza Retail REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Plaza Retail REIT's Receivables Turnover falls into.

Plaza Retail REIT Receivables Turnover Calculation

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

Plaza Retail 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 )
=	85.021	/ (	(1.323	+	1.487)	/	2 )
=	85.021	/	1.405
=	60.51

Plaza Retail REIT's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	21.846	/ (	(1.487	+	2.467)	/	2 )
=	21.846	/	1.977
=	11.05

Plaza Retail REIT (OTCPK:PAZRF) 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.

Plaza Retail REIT Receivables Turnover Related Terms

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Plaza Retail REIT (Plaza Retail REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Plaza Retail REIT (OTCPK:PAZRF) » Definitions » Receivables Turnover

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PLZ.UN:Canada

Address

98 Main Street, Fredericton, NB, CAN, E3A 9N6

Website

https://www.plaza.ca

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.