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CapitaLand Ascott Trust (SGX:HMN) Accounts Receivable : S$56.4 Mil (As of Dec. 2023)


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What is CapitaLand Ascott Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CapitaLand Ascott Trust's accounts receivables for the quarter that ended in Dec. 2023 was S$56.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CapitaLand Ascott Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CapitaLand Ascott Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$-0.93.


CapitaLand Ascott Trust Accounts Receivable Historical Data

The historical data trend for CapitaLand Ascott Trust'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.

* Premium members only.

CapitaLand Ascott Trust Accounts Receivable Chart

CapitaLand Ascott Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.14 56.36 72.09 62.36 56.37

CapitaLand Ascott Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 72.09 101.06 62.36 114.09 56.37

CapitaLand Ascott Trust Accounts Receivable Calculation

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


CapitaLand Ascott Trust 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.

CapitaLand Ascott Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=56.367/397.629*91
=25.87

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), CapitaLand Ascott Trust's accounts receivable are only considered to be worth 75% of book value:

CapitaLand Ascott Trust's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(432.806+0.75 * 56.367+0.5 * 0.547-3900.531
-0-77.643)/3763.3
=-0.93

* 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.


CapitaLand Ascott Trust Accounts Receivable Related Terms

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CapitaLand Ascott Trust (SGX:HMN) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01, Capital Tower, Singapore, SGP, 068912
CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.