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Agree Realty Corporation  (ADC)
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Agree Realty Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Agree Realty Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 7.1, above the company average. This is a clear sign of healthy business climate in the Real Estate Investment Trusts industry and improving liquidity at their respective customers, during the forth quarter 2023. Average receivable collection period, for the Agree Realty in Dec 31 2023 quarter, has decreased to 51 days, compared to 52 days, in the Sep 30 2023 quarter.

If we take a look into Financial sector 78 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 215 to 773.

What is Receivable Turnover Ratio?
What is Agree Realty Corporation Selling?


What is Receivable Turnover Ratio?




ADC Receivables Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Receivable Change 20.75 % 26.61 % 19.39 % 33.02 % 46.53 %
Y / Y Revenue Change 30.98 % 30.45 % 32.09 % 9.97 % 33.34 %
Receivable Turnover Ratio (TTM) 7.1 6.98 6.93 6.75 7.05
ADC's Total Ranking # 773 # 215 # 691 # 1889 #
Average receivable collection period 51 52 53 54 52
Seq. Receivable Change 6.69 % 9.62 % -0.23 % 3.48 % 11.87 %
Seq. Revenue Change 5.37 % 5.32 % 2.59 % 15.04 % 4.95 %


Receivable Turnover Company Ranking
Within: No.
Real Estate Investment Trusts Industry # 33
Financial Sector # 79
Overall Market # 773

Receivable Turnover Ratio Statistics
High Average Low
0.11 0.09 0.07
(Sep. 30, 2014)   (Mar 31 2023)






Financial Statements
Agree Realty's Accounts Receivable $ 83 Millions Visit ADC's Balance sheet
Agree Realty's Sales TTM $ 537 Millions Visit ADC's Income Statement
Where are ADC's Sales coming from? Visit ADC's Sales by Geography

Other Accounts Receivable Turnover Ratios
Real Estate Investment Trusts Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ADC's Receivable Turnover Ratio versus Real Estate Investment Trusts Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for ADC's Competitors
Receivables Turnover Ratio for ADC's Suppliers
Accounts Receivables Turnover Ratio for ADC's Customers

You may also want to know
ADC's Growth Rates ADC's Roa ADC's Inventory Turnover Ratio ADC's Dividend Comparisons
ADC's Profitability Ratios ADC's Roi ADC's Asset Turnover Ratio ADC's Dividend Growth
ADC's Valuation Ratios ADC's Roe ADC's Financial Strength Ratios ADC's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Financial Sector Receivable Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Receivable at quarter ending Dec 31 2023
Oscar Health Inc   17.70 $ 5,862.869  Millions$ 331.279  Millions
Forge Global Holdings Inc   17.56 $ 69.821  Millions$ 3.977  Millions
Banner Corporation  17.37 $ 1,348.469  Millions$ 77.617  Millions
Essent Group Ltd   17.37 $ 1,109.759  Millions$ 63.893  Millions
Boston Properties Inc   17.05 $ 3,273.569  Millions$ 192.020  Millions
Rexford Industrial Realty Inc   17.05 $ 797.826  Millions$ 46.806  Millions
German American Bancorp Inc   16.75 $ 248.144  Millions$ 14.816  Millions
Sl green Realty corp  16.53 $ 913.710  Millions$ 55.288  Millions
American Tower Corporation  16.47 $ 11,144.200  Millions$ 676.700  Millions
Chemung Financial Corp  16.10 $ 95.744  Millions$ 5.948  Millions
Riot Platforms Inc   15.95 $ 280.678  Millions$ 17.602  Millions
Usio Inc   15.90 $ 84.286  Millions$ 5.302  Millions
Sba Communications Corporation  15.85 $ 2,711.584  Millions$ 171.131  Millions
Value Line Inc  15.73 $ 39.785  Millions$ 2.529  Millions
Bancorp 34 Inc   15.27 $ 11.682  Millions$ 0.765  Millions
Capital Bancorp Inc  14.65 $ 156.992  Millions$ 10.716  Millions
Elme Communities  14.07 $ 227.911  Millions$ 16.196  Millions
Berkshire Hills Bancorp inc   13.98 $ 411.829  Millions$ 29.468  Millions
Investors Title Co  13.90 $ 224.750  Millions$ 16.175  Millions
Crown Castle Inc  13.59 $ 6,981.000  Millions$ 513.500  Millions
Jbg Smith Properties  13.47 $ 604.198  Millions$ 44.854  Millions
Citizens Inc   13.45 $ 240.680  Millions$ 17.901  Millions
Rli Corp  13.27 $ 1,511.994  Millions$ 113.914  Millions
Euronet Worldwide Inc   13.19 $ 3,688.000  Millions$ 279.600  Millions
Molina Healthcare Inc   13.00 $ 34,072.000  Millions$ 2,621.250  Millions
Ladder Capital Corp  12.93 $ 312.594  Millions$ 24.182  Millions
Pathward Financial Inc   12.73 $ 659.955  Millions$ 51.827  Millions
C and F Financial Corporation  12.35 $ 119.047  Millions$ 9.640  Millions
Red River Bancshares Inc   12.17 $ 107.552  Millions$ 8.840  Millions
Regions Financial Corporation  11.94 $ 7,023.000  Millions$ 588.000  Millions

Date modified: 2024-02-16T21:16:24+00:00



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