SOSiLA Logistics REIT (TSE:2979) Receivables Turnover : 14.20 (As of Nov. 2023)

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What is SOSiLA Logistics 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. SOSiLA Logistics REIT's Revenue for the six months ended in Nov. 2023 was 円4,337 Mil. SOSiLA Logistics REIT's average Accounts Receivable for the six months ended in Nov. 2023 was 円305 Mil. Hence, SOSiLA Logistics REIT's Receivables Turnover for the six months ended in Nov. 2023 was 14.20.

SOSiLA Logistics REIT Receivables Turnover Historical Data

The historical data trend for SOSiLA Logistics 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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SOSiLA Logistics REIT Receivables Turnover Chart

SOSiLA Logistics REIT Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Receivables Turnover

24.55

25.62

SOSiLA Logistics REIT Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial			11.12	12.25	13.31	14.88	14.20

Competitive Comparison of SOSiLA Logistics REIT's Receivables Turnover

For the REIT - Industrial subindustry, SOSiLA Logistics 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.

SOSiLA Logistics REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where SOSiLA Logistics REIT's Receivables Turnover falls into.

SOSiLA Logistics REIT Receivables Turnover Calculation

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

SOSiLA Logistics REIT's Receivables Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Receivables Turnover (A: Nov. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2022 )	/ (	(Accounts Receivable (A: Nov. 2021 )	+	Accounts Receivable (A: Nov. 2022 ))	/	count )
=	7397.28	/ (	(293.157	+	284.208)	/	2 )
=	7397.28	/	288.6825
=	25.62

SOSiLA Logistics REIT's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	4336.735	/ (	(279.646	+	331.035)	/	2 )
=	4336.735	/	305.3405
=	14.20

SOSiLA Logistics REIT (TSE:2979) 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.

SOSiLA Logistics REIT Receivables Turnover Related Terms

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SOSiLA Logistics REIT (TSE:2979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SOSiLA Logistics REIT Inc (TSE:2979) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Otemachi Place East Tower 2-3-2 Otemachi, Logistics Facilities Division, Chiyoda-ku, Tokyo, JPN

Website

http://www.sosila.com

SOSiLA Logistics REIT Inc offers logistics services. It offers facility based on the three themes Sociability, Sustainability and Logistic Aspect considering the environment and sustainable growth; and people and the work environment.

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