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First Real Estate Investment Trust of New Jersey (First Real Estate Investment Trust of New Jersey) Accounts Receivable : $0.82 Mil (As of Jan. 2024)


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What is First Real Estate Investment Trust of New Jersey Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Real Estate Investment Trust of New Jersey's accounts receivables for the quarter that ended in Jan. 2024 was $0.82 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Real Estate Investment Trust of New Jersey's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 10.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Real Estate Investment Trust of New Jersey's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-12.86.


First Real Estate Investment Trust of New Jersey Accounts Receivable Historical Data

The historical data trend for First Real Estate Investment Trust of New Jersey's Accounts Receivable 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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First Real Estate Investment Trust of New Jersey Accounts Receivable Chart

First Real Estate Investment Trust of New Jersey Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.12 5.79 5.37 1.59 1.25

First Real Estate Investment Trust of New Jersey Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Accounts Receivable 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 1.38 1.35 1.31 1.25 0.82

First Real Estate Investment Trust of New Jersey Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


First Real Estate Investment Trust of New Jersey Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

First Real Estate Investment Trust of New Jersey's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.819/6.999*91
=10.68

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), First Real Estate Investment Trust of New Jersey's accounts receivable are only considered to be worth 75% of book value:

First Real Estate Investment Trust of New Jersey's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(30.164+0.75 * 0.819+0.5 * 0-132.979
-0--6.374)/7.44958
=-12.86

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


First Real Estate Investment Trust of New Jersey Accounts Receivable Related Terms

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First Real Estate Investment Trust of New Jersey (First Real Estate Investment Trust of New Jersey) Business Description

Traded in Other Exchanges
N/A
Address
505 Main Street, Suite 400, Hackensack, NJ, USA, 07601
First Real Estate Investment Trust of New Jersey Inc operates in the real estate sector of the United States. It implies the investment in real estate properties and passing on a regular income and benefit of capital appreciation to its shareholders. The company operates in two reportable segments; commercial properties and residential properties. Its revenues consist of fixed rental income from its residential and commercial properties and additional rent in the form of expense reimbursements acquired from its income-producing commercial properties. The majority of revenue is derived from the Residential properties segment.
Executives
Richard Aslanian director 4 WEST RED OAK LANE, SUITE 303, WHITE PLAINS NY 10604
Justin Meng director 10 ROCK HILL LANE, SCARSDALE NY 10583
Ronald J Artinian other: Trustee FIVE BRISTOL DRIVE, MANHASSET NY 10030
Allan Tubin officer: CFO and Treasurer 505 MAIN STREET, HACKENSACK NJ 07601
David Hekemian other: Trustee 505 MAIN STREET, SUITE 400, HACKENSACK NJ 07601
Donald W Barney officer: Trustee & President
Herbert C Klein other: Trustee 155 POLIFLY RD, HACKENSCK NJ 07601
John A Aiello officer: Trustee & Executive Secretary GIORDANO HALLERAN & CLESIA, PC 125 HALF MILE RD PO BOX 190, MIDDLETOWN NJ 07748
David F Mcbride director C/O KEYSTONE PROPERTY TRUST, 200 FOUR FALLS CORPORATE CENTER, WEST CONSHOHOCKEN PA 19428
Hekemian Robert S Jr director 370 PASCACK ROAD, TOWNSHIP OF WASHINGTON NJ 07676
Alan L Aufzien other: Trustee
Robert S Hekemian officer: CEO 505 MAIN ST, SUITE 400, HACKENSACK NJ 07601