Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Accounts Receivable : $4.52 Mil (As of Dec. 2023)

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What is Ellington Residential Mortgage REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ellington Residential Mortgage REIT's accounts receivables for the quarter that ended in Dec. 2023 was $4.52 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ellington Residential Mortgage REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ellington Residential Mortgage REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-41.26.

Ellington Residential Mortgage REIT Accounts Receivable Historical Data

The historical data trend for Ellington Residential Mortgage 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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Ellington Residential Mortgage REIT Accounts Receivable Chart

Ellington Residential Mortgage REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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5.02

4.11

4.50

3.33

4.52

Ellington Residential Mortgage REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															3.33	3.49	4.14	5.00	4.52

Ellington Residential Mortgage REIT Accounts Receivable Calculation

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

Ellington Residential Mortgage 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.

Ellington Residential Mortgage REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.522	/	13.813	*	91
=	29.87

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

Ellington Residential Mortgage REIT'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)
=	(38.533	+	0.75 * 4.522	+	0.5 * 0	-	809.452
-	0	-	0)	/	18.6015
=	-41.26

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.

Ellington Residential Mortgage REIT Accounts Receivable Related Terms

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Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ellington Residential Mortgage REIT (NYSE:EARN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

73Z:Germany

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.earnreit.com

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Executives

Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Chukudi Melvin Ike	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Laurence Penn	director, officer: CEO and President	52 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy	officer: Chief Operating Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff	officer: Chief Financial Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky	officer: Co-Chief Investment Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Michael W Vranos	director, officer: Co-Chief Investment Officer	52 FOREST AVENUE, OLD GREENWICH CT 06870
David Miller	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Bto Earn Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Earn Holdings L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Btoa L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154