Tokaido REIT (TSE:2989) Accounts Receivable : 円85 Mil (As of Jul. 2023)

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What is Tokaido REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tokaido REIT's accounts receivables for the quarter that ended in Jul. 2023 was 円85 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tokaido REIT's Days Sales Outstanding for the quarter that ended in Jul. 2023 was 9.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tokaido REIT's Net-Net Working Capital per share for the quarter that ended in Jul. 2023 was 円-98,945.77.

Tokaido REIT Accounts Receivable Historical Data

The historical data trend for Tokaido 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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Tokaido REIT Accounts Receivable Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Accounts Receivable

95.59

37.21

84.71

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Accounts Receivable	Get a 7-Day Free Trial			37.21	44.24	41.89	84.71	-

Tokaido REIT Accounts Receivable Calculation

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

Tokaido 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.

Tokaido REIT's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	84.706	/	1616.963	*	91
=	9.56

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

Tokaido REIT's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=	(943.046	+	0.75 * 84.706	+	0.5 * 0	-	25000.925
-	0	-	0)	/	0.2425
=	-98,945.77

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.

Tokaido REIT Accounts Receivable Related Terms

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Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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