Ichigo Office REIT Investment (TSE:8975) Days Sales Outstanding : 0.36 (As of Oct. 2023)

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What is Ichigo Office REIT Investment Days Sales Outstanding?

Ichigo Office REIT Investment's average Accounts Receivable for the six months ended in Oct. 2023 was 円15 Mil. Ichigo Office REIT Investment's Revenue for the six months ended in Oct. 2023 was 円7,915 Mil. Hence, Ichigo Office REIT Investment's Days Sales Outstanding for the six months ended in Oct. 2023 was 0.36.

The historical rank and industry rank for Ichigo Office REIT Investment's Days Sales Outstanding or its related term are showing as below:

TSE:8975' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.1 Med: 0.58 Max: 1.56
Current: 0.19

During the past 13 years, Ichigo Office REIT Investment's highest Days Sales Outstanding was 1.56. The lowest was 0.10. And the median was 0.58.

TSE:8975's Days Sales Outstanding is ranked better than
99.35% of 614 companies
in the REITs industry
Industry Median: 22.95 vs TSE:8975: 0.19

Ichigo Office REIT Investment's Days Sales Outstanding increased from Oct. 2022 (0.05) to Oct. 2023 (0.36).

Ichigo Office REIT Investment Days Sales Outstanding Historical Data

The historical data trend for Ichigo Office REIT Investment'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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Ichigo Office REIT Investment Days Sales Outstanding Chart

Ichigo Office REIT Investment Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Sales Outstanding

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0.28

0.58

0.57

0.21

0.10

Ichigo Office REIT Investment Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Sales Outstanding	Get a 7-Day Free Trial															0.36	0.22	0.05	0.17	0.36

Competitive Comparison of Ichigo Office REIT Investment's Days Sales Outstanding

For the REIT - Office subindustry, Ichigo Office REIT Investment'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.

Ichigo Office REIT Investment's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ichigo Office REIT Investment's Days Sales Outstanding falls into.

Ichigo Office REIT Investment 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.

Ichigo Office REIT Investment's Days Sales Outstanding for the fiscal year that ended in Oct. 2023 is calculated as

	Days Sales Outstanding (A: Oct. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )	*	Days in Period
=	( (1.572	+	9.51)	/	2 )	/	20295.556	*	365
=	5.541					/	20295.556	*	365
=	0.10

Ichigo Office REIT Investment's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding (Q: Oct. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )	*	Days in Period
=	( (21.317	+	9.51)	/	2 )	/	7914.853	*	365 / 2
=	15.4135					/	7914.853	*	365 / 2
=	0.36

Ichigo Office REIT Investment (TSE:8975) Days Sales Outstanding Explanation

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

Ichigo Office REIT Investment Days Sales Outstanding Related Terms

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Ichigo Office REIT Investment (TSE:8975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Office REIT Investment Corp (TSE:8975) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-office.co.jp

Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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