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Firm Capital Property Trust (TSX:FCD.UN) Receivables Turnover : 6.09 (As of Mar. 2024)


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What is Firm Capital Property Trust 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. Firm Capital Property Trust's Revenue for the three months ended in Mar. 2024 was C$15.01 Mil. Firm Capital Property Trust's average Accounts Receivable for the three months ended in Mar. 2024 was C$2.47 Mil. Hence, Firm Capital Property Trust's Receivables Turnover for the three months ended in Mar. 2024 was 6.09.


Firm Capital Property Trust Receivables Turnover Historical Data

The historical data trend for Firm Capital Property Trust'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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Firm Capital Property Trust Receivables Turnover Chart

Firm Capital Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.70 15.51 15.62 25.94 32.02

Firm Capital Property Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.01 6.61 6.60 6.37 6.09

Competitive Comparison of Firm Capital Property Trust's Receivables Turnover

For the REIT - Retail subindustry, Firm Capital Property Trust'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.


Firm Capital Property Trust's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Firm Capital Property Trust's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Firm Capital Property Trust's Receivables Turnover falls into.



Firm Capital Property Trust Receivables Turnover Calculation

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

Firm Capital Property Trust's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=57.508 / ((1.18 + 2.412) / 2 )
=57.508 / 1.796
=32.02

Firm Capital Property Trust's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=15.013 / ((2.412 + 2.521) / 2 )
=15.013 / 2.4665
=6.09

* 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.


Firm Capital Property Trust  (TSX:FCD.UN) 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.


Firm Capital Property Trust Receivables Turnover Related Terms

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Firm Capital Property Trust (TSX:FCD.UN) Business Description

Traded in Other Exchanges
Address
163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. It is focused on creating long-term value for unitholders through capital preservation and disciplined investing to achieve stable distributable income. The company operates in five reportable segments: Grocery Anchored Retail, Non-Grocery Anchored Retail, Industrial, Multi-Residential, and Core Service Office Provider. A vast majority of its revenues are derived from the Grocery anchored retail segment.

Firm Capital Property Trust (TSX:FCD.UN) Headlines

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