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Hoshino Resorts REIT (TSE:3287) Receivables Turnover : 34.66 (As of Apr. 2023)


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What is Hoshino Resorts 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. Hoshino Resorts REIT's Revenue for the six months ended in Apr. 2023 was 円6,266 Mil. Hoshino Resorts REIT's average Accounts Receivable for the six months ended in Apr. 2023 was 円181 Mil. Hence, Hoshino Resorts REIT's Receivables Turnover for the six months ended in Apr. 2023 was 34.66.


Hoshino Resorts REIT Receivables Turnover Historical Data

The historical data trend for Hoshino Resorts 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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Hoshino Resorts REIT Receivables Turnover Chart

Hoshino Resorts REIT Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 222.67 145.08 114.08 96.84 94.98

Hoshino Resorts REIT Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.29 68.72 47.00 39.19 34.66

Competitive Comparison of Hoshino Resorts REIT's Receivables Turnover

For the REIT - Hotel & Motel subindustry, Hoshino Resorts 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.


Hoshino Resorts REIT's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Hoshino Resorts REIT's Receivables Turnover falls into.



Hoshino Resorts REIT Receivables Turnover Calculation

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

Hoshino Resorts REIT's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

Receivables Turnover (A: Oct. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2022 ) / ((Accounts Receivable (A: Oct. 2021 ) + Accounts Receivable (A: Oct. 2022 )) / count )
=11320.965 / ((84.8 + 153.588) / 2 )
=11320.965 / 119.194
=94.98

Hoshino Resorts REIT's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

Receivables Turnover (Q: Apr. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2023 ) / ((Accounts Receivable (Q: Oct. 2022 ) + Accounts Receivable (Q: Apr. 2023 )) / count )
=6266.299 / ((153.588 + 207.984) / 2 )
=6266.299 / 180.786
=34.66

* 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.


Hoshino Resorts REIT  (TSE:3287) 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.


Hoshino Resorts REIT Receivables Turnover Related Terms

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Hoshino Resorts REIT (TSE:3287) Business Description

Traded in Other Exchanges
N/A
Address
2-14-4 Hattsuchoubori, Chuo-Ku, Tokyo, JPN, 104-0032
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.

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