New England Realty Associates LP (New England Realty Associates LP) Accounts Receivable : $0.87 Mil (As of Mar. 2024)

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What is New England Realty Associates LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New England Realty Associates LP's accounts receivables for the quarter that ended in Mar. 2024 was $0.87 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New England Realty Associates LP's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New England Realty Associates LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-99.83.

New England Realty Associates LP Accounts Receivable Historical Data

The historical data trend for New England Realty Associates LP'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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New England Realty Associates LP Accounts Receivable Chart

New England Realty Associates LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.49

1.41

0.94

0.66

0.95

New England Realty Associates LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															0.80	0.77	0.93	0.95	0.87

New England Realty Associates LP Accounts Receivable Calculation

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

New England Realty Associates LP 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.

New England Realty Associates LP's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.866	/	19.893	*	91
=	3.97

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), New England Realty Associates LP's accounts receivable are only considered to be worth 75% of book value:

New England Realty Associates LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(98.247	+	0.75 * 0.866	+	0.5 * 0	-	450.233
-	0	-	0)	/	3.51936
=	-99.83

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.

New England Realty Associates LP Accounts Receivable Related Terms

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New England Realty Associates LP (New England Realty Associates LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New England Realty Associates LP (AMEX:NEN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Brighton Avenue, Allston, MA, USA, 02134

Website

https://www.thehamiltoncompany.com

New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.

Executives

Jameson Pruitt Brown	director, officer: Treasurer	NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02360
Ronald Brown	officer: President	NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02134
Carl Anthony Valeri	other: 5% Owner, Asset Manager	50 UDINE STREET, ARLINGTON MA 02476
Harold Brown	director, 10 percent owner, officer: Treas. & Dir. of Gen. Ptnr NEN	39 BRIGHTON AVE, ALLSTON MA 02134
1999 Revocable Trust	10 percent owner	C/O NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02025
Nera 1994 Irrevocable Trust	10 percent owner, officer: Treasurer	C/O LANE AITMAN & OWENS, 101 FEDERAL STREET, BOSTON MA 02110
David R Jarvis	10 percent owner	C/O MERCURY REAL ESTATE ADVISORS LLC, 100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Real Estate Securities Offshore Fund, Ltd.	10 percent owner	100 FIELD POINT ROAD, GREENWICH CT 06830
Silvercreek Sav Llc	10 percent owner	C/O MERCURY REAL ESTATE ADVISORS LLC, 100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Special Situations Offshore Fund Ltd	10 percent owner	P O BOX 3460 RD TOWN, TORTOLA BVI E9 00000
Maclean Malcolm F Iv	10 percent owner	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Mercury Real Estate Securities Fund Lp	10 percent owner	100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Mayfair Llc	10 percent owner	100 FIELD POINT ROAD, FIRST FLOOR, GREENWICH CT 06830
Mercury Special Situations Fund L P	10 percent owner	100 FIELD POINT RD, GREENWICH CT 06830
Mercury Securities Ii Llc	10 percent owner	100 FIELD POINT ROAD, FIRST FLOOR, GREENWICH CT 06830