GLP J-REIT (GLP J-REIT) Receivables Turnover : 11.84 (As of Aug. 2023)

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What is GLP J-REIT 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. GLP J-REIT's Revenue for the six months ended in Aug. 2023 was $193.1 Mil. GLP J-REIT's average Accounts Receivable for the six months ended in Aug. 2023 was $16.3 Mil. Hence, GLP J-REIT's Receivables Turnover for the six months ended in Aug. 2023 was 11.84.

GLP J-REIT Receivables Turnover Historical Data

The historical data trend for GLP J-REIT'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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GLP J-REIT Receivables Turnover Chart

GLP J-REIT Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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20.44

19.26

24.00

24.98

23.75

GLP J-REIT Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															13.72	13.19	14.71	11.84	9.26

Competitive Comparison of GLP J-REIT's Receivables Turnover

For the REIT - Industrial subindustry, GLP J-REIT'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.

GLP J-REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where GLP J-REIT's Receivables Turnover falls into.

GLP J-REIT Receivables Turnover Calculation

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

GLP J-REIT's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	375.193	/ (	(12.961	+	18.639)	/	2 )
=	375.193	/	15.8
=	23.75

GLP J-REIT's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	193.082	/ (	(13.976	+	18.639)	/	2 )
=	193.082	/	16.3075
=	11.84

GLP J-REIT (OTCPK:GLPJF) 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.

GLP J-REIT Receivables Turnover Related Terms

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GLP J-REIT (GLP J-REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GLP J-REIT (OTCPK:GLPJF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3281:Japan

Address

Shiodome City Center, 1-5-2, Higashi-Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.glpjreit.com

GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.

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