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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VICI Properties's accounts receivables for the quarter that ended in Mar. 2024 was $8 Mil.
Accounts receivable can be measured by Days Sales Outstanding. VICI Properties's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.75.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VICI Properties's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-17.47.
The historical data trend for VICI Properties'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.
VICI Properties Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
VICI Properties 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 | 7.74 | 9.27 | 10.71 | - | 7.86 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
VICI Properties's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 7.86 | / | 951.481 | * | 91 |
= | 0.75 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), VICI Properties's accounts receivable are only considered to be worth 75% of book value:
VICI Properties'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) | ||
= | (514.897 | + | 0.75 * 7.86 | + | 0.5 * 0 | - | 18339.315 |
- | 0 | - | 403.734) | / | 1043.14 | ||
= | -17.47 |
* 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.
Thank you for viewing the detailed overview of VICI Properties's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael D Rumbolz | director | 3201 WEST COUNTY ROAD 42, SUITE 106, BURNSVILLE MN 55306 |
Gabriel Wasserman | officer: Chief Accounting Officer | 430 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022 |
Samantha Sacks Gallagher | officer: See Remarks | C/O VICI PROPERTIES INC., 535 MADISON AVE 20TH FL, NEW YORK NY 10022 |
Payne John W R | director, officer: President and COO | 535 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
James R Abrahamson | director | C/O MARCUS CORP, 100 EAST WISCONSIN AVE, SUITE 1900, MILWAUKEE WI 53202-4125 |
Edward Baltazar Pitoniak | director, officer: Chief Executive Officer | C/O VICI PROPERTIES INC., 535 MADISON AVENUE 20TH FL, NEW YORK NY 10022 |
David Andrew Kieske | officer: Chief Financial Officer | C/O VICI PROPERTIES INC., 535 MADISON AVENUE 20TH FL, NEW YORK NY 10022 |
Monica Howard Douglas | director | 535 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
Diana F Cantor | director | 9201 FOREST HILL AVENUE, RICHMOND VA 23235 |
Eugene I Davis | director | 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342 |
Kenneth J. Kuick | officer: Chief Accounting Officer | 520 ZANG ST., UNIT D, BROOMFIELD CO 80021 |
Eric L Hausler | director | C/O TRUMP ENTERTAINMENT RESORTS, 1000 BOARDWALK, ATLANTIC CITY NJ 08401 |
Elizabeth I Holland | director | 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852 |
Craig Macnab | director | C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305 |
Mary Elizabeth Higgins | director, officer: Chief Financial Officer | 3525 E. POST ROAD #120, LAS VEGAS NV 89120 |
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