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Shurgard Self-Storage (CHIX:SHURB) Receivables Turnover : 9.46 (As of Dec. 2023)


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What is Shurgard Self-Storage 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. Shurgard Self-Storage's Revenue for the six months ended in Dec. 2023 was €183.5 Mil. Shurgard Self-Storage's average Accounts Receivable for the six months ended in Dec. 2023 was €19.4 Mil. Hence, Shurgard Self-Storage's Receivables Turnover for the six months ended in Dec. 2023 was 9.46.


Shurgard Self-Storage Receivables Turnover Historical Data

The historical data trend for Shurgard Self-Storage'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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Shurgard Self-Storage Receivables Turnover Chart

Shurgard Self-Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.49 22.83 20.93 19.14 18.64

Shurgard Self-Storage Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.84 8.31 8.44 9.24 9.46

Competitive Comparison of Shurgard Self-Storage's Receivables Turnover

For the REIT - Specialty subindustry, Shurgard Self-Storage'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.


Shurgard Self-Storage's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Shurgard Self-Storage's Receivables Turnover falls into.



Shurgard Self-Storage Receivables Turnover Calculation

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

Shurgard Self-Storage'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 )
=357.923 / ((18.671 + 19.73) / 2 )
=357.923 / 19.2005
=18.64

Shurgard Self-Storage'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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=183.541 / ((19.054 + 19.73) / 2 )
=183.541 / 19.392
=9.46

* 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.


Shurgard Self-Storage  (CHIX:SHURb) 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.


Shurgard Self-Storage Receivables Turnover Related Terms

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Shurgard Self-Storage (CHIX:SHURB) Business Description

Traded in Other Exchanges
Address
11 Rue De l'Industrie, Windhof, Luxembourg, LUX, L-8399
Shurgard Self-Storage SA Formerly Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from France and also has a presence in the Netherlands, UK, Sweden, Belgium, Germany, and Denmark among others.

Shurgard Self-Storage (CHIX:SHURB) Headlines

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