ESR LOGOS REIT (SGX:J91U) Accounts Receivable : S$23.6 Mil (As of Jun. 2023)

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What is ESR LOGOS REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ESR LOGOS REIT's accounts receivables for the quarter that ended in Jun. 2023 was S$23.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ESR LOGOS REIT's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 21.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ESR LOGOS REIT's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was S$-0.31.

ESR LOGOS REIT Accounts Receivable Historical Data

The historical data trend for ESR LOGOS REIT'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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ESR LOGOS REIT Accounts Receivable Chart

ESR LOGOS REIT Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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3.84

2.46

4.47

2.17

4.08

ESR LOGOS REIT Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial															15.40	2.17	23.39	4.08	23.57

ESR LOGOS REIT Accounts Receivable Calculation

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

ESR LOGOS REIT 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.

ESR LOGOS REIT's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.573	/	196.845	*	91
=	21.86

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

ESR LOGOS REIT's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(49.57	+	0.75 * 23.573	+	0.5 * 361.41	-	2652.935
-	0	-	0)	/	7672.83
=	-0.31

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.

ESR LOGOS REIT Accounts Receivable Related Terms

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ESR LOGOS REIT (SGX:J91U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESR LOGOS REIT (SGX:J91U) » Definitions » Accounts Receivable

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CGIUF:USA

Address

5 Temasek Boulevard, No. 12-09 Suntec Tower Five, Singapore, SGP, 038985

Website

https://www.esr-logosreit.com.sg

ESR-Logos REIT is a Singapore-focused REIT that invests primarily in industrial properties and business parks. Its portfolio consists of 82 properties (including joint ventures), with assets under management of SGD 5 billion, spreading across Singapore, Australia and Japan. Property types include business parks, general industrial, logistics and warehouse, and high-specification industrial properties. The trust also invested in three property funds, namely ESR Australia Logistics Partnership, New LAIVS Trust, and Oxford Property Fund. The trust is externally managed by ESR Funds Management (S) Limited, which in turn is majority-owned by parent, ESR Group. Overall, ESR Group has around 10% stake in the trust through direct and indirect interests.

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