Merlin Properties SOCIMI (XMAD:MRL) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is Merlin Properties SOCIMI 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. Merlin Properties SOCIMI's Revenue for the three months ended in Dec. 2023 was €108.2 Mil. Merlin Properties SOCIMI's average Accounts Receivable for the three months ended in Dec. 2023 was €46.9 Mil. Hence, Merlin Properties SOCIMI's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.

Merlin Properties SOCIMI Receivables Turnover Historical Data

The historical data trend for Merlin Properties SOCIMI'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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Merlin Properties SOCIMI Receivables Turnover Chart

Merlin Properties SOCIMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.14

35.24

33.33

19.72

13.13

Merlin Properties SOCIMI 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															2.76	3.34	2.55	2.60	2.30

Competitive Comparison of Merlin Properties SOCIMI's Receivables Turnover

For the REIT - Office subindustry, Merlin Properties SOCIMI'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.

Merlin Properties SOCIMI's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Merlin Properties SOCIMI's Receivables Turnover falls into.

Merlin Properties SOCIMI Receivables Turnover Calculation

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

Merlin Properties SOCIMI'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 )
=	464.779	/ (	(29.735	+	41.047)	/	2 )
=	464.779	/	35.391
=	13.13

Merlin Properties SOCIMI'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 )
=	108.152	/ (	(52.816	+	41.047)	/	2 )
=	108.152	/	46.9315
=	2.30

Merlin Properties SOCIMI (XMAD:MRL) 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.

Merlin Properties SOCIMI Receivables Turnover Related Terms

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Merlin Properties SOCIMI (XMAD:MRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merlin Properties SOCIMI SA (XMAD:MRL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MRPRF:USA MRL:Portugal MRLe:UK 0QVM:UK MEQA:Germany

Address

Paseo de la Castellana 257, Madrid, ESP, 28046

Website

https://www.merlinproperties.com

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Net lease, Shopping centers, Logistics assets, and others. The company generates the maximum revenue from the Office buildings segment.

Merlin Properties SOCIMI (XMAD:MRL) Headlines

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