Nippon Building Fund (TSE:8951) Days Sales Outstanding : 1.16 (As of Dec. 2023)

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What is Nippon Building Fund Days Sales Outstanding?

Nippon Building Fund's average Accounts Receivable for the six months ended in Dec. 2023 was 円300 Mil. Nippon Building Fund's Revenue for the six months ended in Dec. 2023 was 円47,348 Mil. Hence, Nippon Building Fund's Days Sales Outstanding for the six months ended in Dec. 2023 was 1.16.

The historical rank and industry rank for Nippon Building Fund's Days Sales Outstanding or its related term are showing as below:

TSE:8951' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.12 Med: 1.69 Max: 3.34
Current: 1.18

During the past 13 years, Nippon Building Fund's highest Days Sales Outstanding was 3.34. The lowest was 1.12. And the median was 1.69.

TSE:8951's Days Sales Outstanding is ranked better than
96.62% of 621 companies
in the REITs industry
Industry Median: 22.29 vs TSE:8951: 1.18

Nippon Building Fund's Days Sales Outstanding declined from Dec. 2022 (1.23) to Dec. 2023 (1.16).

Nippon Building Fund Days Sales Outstanding Historical Data

The historical data trend for Nippon Building Fund's Days Sales Outstanding 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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Nippon Building Fund Days Sales Outstanding Chart

Nippon Building Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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2.51

3.34

1.17

1.14

1.12

Nippon Building Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															1.19	1.11	1.23	1.26	1.16

Competitive Comparison of Nippon Building Fund's Days Sales Outstanding

For the REIT - Office subindustry, Nippon Building Fund's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Nippon Building Fund's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Building Fund's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nippon Building Fund's Days Sales Outstanding falls into.

Nippon Building Fund Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Nippon Building Fund's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (314.879	+	266)	/	2 )	/	94378	*	365
=	290.4395					/	94378	*	365
=	1.12

Nippon Building Fund's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (333.959	+	266)	/	2 )	/	47348	*	365 / 2
=	299.9795					/	47348	*	365 / 2
=	1.16

Nippon Building Fund (TSE:8951) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Nippon Building Fund Days Sales Outstanding Related Terms

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Nippon Building Fund (TSE:8951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Building Fund Inc (TSE:8951) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738

Website

http://www.nbf-m.com

Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

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