Ichigo Office REIT Investment (TSE:8975) Receivables Turnover : 513.50 (As of Oct. 2023)

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What is Ichigo Office REIT Investment 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. Ichigo Office REIT Investment's Revenue for the six months ended in Oct. 2023 was 円7,915 Mil. Ichigo Office REIT Investment's average Accounts Receivable for the six months ended in Oct. 2023 was 円15 Mil. Hence, Ichigo Office REIT Investment's Receivables Turnover for the six months ended in Oct. 2023 was 513.50.

Ichigo Office REIT Investment Receivables Turnover Historical Data

The historical data trend for Ichigo Office REIT Investment'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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Ichigo Office REIT Investment Receivables Turnover Chart

Ichigo Office REIT Investment Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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1,320.53

631.19

641.73

1,718.89

3,662.80

Ichigo Office REIT Investment Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															512.18	845.66	3,473.99	1,081.80	513.50

Competitive Comparison of Ichigo Office REIT Investment's Receivables Turnover

For the REIT - Office subindustry, Ichigo Office REIT Investment'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.

Ichigo Office REIT Investment's Receivables Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Ichigo Office REIT Investment's Receivables Turnover falls into.

Ichigo Office REIT Investment Receivables Turnover Calculation

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

Ichigo Office REIT Investment's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	20295.556	/ (	(1.572	+	9.51)	/	2 )
=	20295.556	/	5.541
=	3,662.80

Ichigo Office REIT Investment's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	7914.853	/ (	(21.317	+	9.51)	/	2 )
=	7914.853	/	15.4135
=	513.50

Ichigo Office REIT Investment (TSE:8975) 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.

Ichigo Office REIT Investment Receivables Turnover Related Terms

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Ichigo Office REIT Investment (TSE:8975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Office REIT Investment Corp (TSE:8975) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-office.co.jp

Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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