MREIT (PHS:MREIT) Receivables Turnover : 4.61 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is MREIT 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. MREIT's Revenue for the three months ended in Mar. 2024 was ₱1,076 Mil. MREIT's average Accounts Receivable for the three months ended in Mar. 2024 was ₱233 Mil. Hence, MREIT's Receivables Turnover for the three months ended in Mar. 2024 was 4.61.

MREIT Receivables Turnover Historical Data

The historical data trend for MREIT'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.

* Premium members only.

MREIT Receivables Turnover Chart

MREIT Annual Data

Trend

Jun21

Dec22

Dec23

Receivables Turnover

65.11

30.79

MREIT Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							8.72	7.52	7.46	6.95	4.61

Competitive Comparison of MREIT's Receivables Turnover

For the REIT - Office subindustry, MREIT'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.

MREIT's Receivables Turnover Distribution in the REITs Industry

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

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

MREIT Receivables Turnover Calculation

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

MREIT'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 )
=	4156.504	/ (	(104.29	+	165.668)	/	2 )
=	4156.504	/	134.979
=	30.79

MREIT'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 )
=	1076.359	/ (	(165.668	+	301.298)	/	2 )
=	1076.359	/	233.483
=	4.61

MREIT (PHS:MREIT) 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.

MREIT Receivables Turnover Related Terms

Thank you for viewing the detailed overview of MREIT's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

MREIT (PHS:MREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MREIT Inc (PHS:MREIT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

36th Street corner 11th Avenue, 18th Floor, Alliance Global Tower, Uptown Bonifacio, Taguig, PHL, 1634

Website

https://www.mreit.com.ph

MREIT Inc operates as a Real Estate Investment Trust. The company's portfolio consists of commercial spaces primarily leased for office purposes, which may also be used and leased for retail purposes as required The Company operates in single operating segment which is the lease of its buildings.

MREIT (PHS:MREIT) Headlines

No Headlines