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. CubeSmart's Revenue for the
three
months ended in Dec. 2023 was $265 Mil. CubeSmart's average Accounts Receivable for the
three
months ended in Dec. 2023 was $9 Mil.
Hence, CubeSmart's Receivables Turnover for the
three
months ended in Dec. 2023 was 30.29.
CubeSmart Receivables Turnover Historical Data
The historical data trend for CubeSmart'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.
Competitive Comparison of CubeSmart's Receivables Turnover
For the REIT - Industrial subindustry, CubeSmart'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.
CubeSmart's Receivables Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, CubeSmart's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where CubeSmart's Receivables Turnover falls into.
CubeSmart Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
CubeSmart's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
CubeSmart Receivables Turnover Related Terms
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CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
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