Advance Residence Investment (Advance Residence Investment) Receivables Turnover : 125.55 (As of Jan. 2023)

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What is Advance Residence Investment 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. Advance Residence Investment's Revenue for the six months ended in Jan. 2023 was $137.0 Mil. Advance Residence Investment's average Accounts Receivable for the six months ended in Jan. 2023 was $1.1 Mil. Hence, Advance Residence Investment's Receivables Turnover for the six months ended in Jan. 2023 was 125.55.

Advance Residence Investment Receivables Turnover Historical Data

The historical data trend for Advance Residence Investment'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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Advance Residence Investment Receivables Turnover Chart

Advance Residence Investment Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Receivables Turnover

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150.24

159.68

160.27

154.73

171.73

Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															91.84	113.97	114.89	125.55	111.97

Competitive Comparison of Advance Residence Investment's Receivables Turnover

For the REIT - Residential subindustry, Advance Residence Investment'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.

Advance Residence Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Advance Residence Investment's Receivables Turnover falls into.

Advance Residence Investment Receivables Turnover Calculation

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

Advance Residence Investment's Receivables Turnover for the fiscal year that ended in Jul. 2021 is calculated as

	Receivables Turnover (A: Jul. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2021 )	/ (	(Accounts Receivable (A: Jul. 2020 )	+	Accounts Receivable (A: Jul. 2021 ))	/	count )
=	307.565	/ (	(2.092	+	1.49)	/	2 )
=	307.565	/	1.791
=	171.73

Advance Residence Investment's Receivables Turnover for the quarter that ended in Jan. 2023 is calculated as

	Receivables Turnover (Q: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2022 )	+	Accounts Receivable (Q: Jan. 2023 ))	/	count )
=	136.978	/ (	(1.041	+	1.141)	/	2 )
=	136.978	/	1.091
=	125.55

Advance Residence Investment (OTCPK:ADZZF) 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.

Advance Residence Investment Receivables Turnover Related Terms

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Advance Residence Investment (Advance Residence Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (OTCPK:ADZZF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3269:Japan

Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

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