Activia Properties (TSE:3279) Receivables Turnover : 18.42 (As of Nov. 2023)

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What is Activia Properties 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. Activia Properties's Revenue for the six months ended in Nov. 2023 was 円17,344 Mil. Activia Properties's average Accounts Receivable for the six months ended in Nov. 2023 was 円941 Mil. Hence, Activia Properties's Receivables Turnover for the six months ended in Nov. 2023 was 18.42.

Activia Properties Receivables Turnover Historical Data

The historical data trend for Activia Properties'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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Activia Properties Receivables Turnover Chart

Activia Properties Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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36.76

41.45

38.99

33.59

37.36

Activia Properties Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															20.68	17.40	17.52	17.76	18.42

Competitive Comparison of Activia Properties's Receivables Turnover

For the REIT - Diversified subindustry, Activia Properties'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.

Activia Properties's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Activia Properties's Receivables Turnover falls into.

Activia Properties Receivables Turnover Calculation

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

Activia Properties's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	34826.903	/ (	(975.131	+	889.327)	/	2 )
=	34826.903	/	932.229
=	37.36

Activia Properties'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 )
=	17344.001	/ (	(993.424	+	889.327)	/	2 )
=	17344.001	/	941.3755
=	18.42

Activia Properties (TSE:3279) 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.

Activia Properties Receivables Turnover Related Terms

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Activia Properties (TSE:3279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Activia Properties Inc (TSE:3279) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1-16-3 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043

Website

http://www.activia-reit.co.jp

Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.

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