Anworth Mortgage Asset (Anworth Mortgage Asset) Accounts Receivable : $6.55 Mil (As of Dec. 2020)

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What is Anworth Mortgage Asset Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Anworth Mortgage Asset's accounts receivables for the quarter that ended in Dec. 2020 was $6.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Anworth Mortgage Asset's Days Sales Outstanding for the quarter that ended in Dec. 2020 was 21.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Anworth Mortgage Asset's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was $N/A.

Anworth Mortgage Asset Accounts Receivable Historical Data

The historical data trend for Anworth Mortgage Asset'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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Anworth Mortgage Asset Accounts Receivable Chart

Anworth Mortgage Asset Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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16.20

18.09

16.87

16.40

6.55

Anworth Mortgage Asset Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Accounts Receivable	Get a 7-Day Free Trial															16.40	12.28	7.86	7.00	6.55

Anworth Mortgage Asset Accounts Receivable Calculation

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

Anworth Mortgage Asset 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.

Anworth Mortgage Asset's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.554	/	28.082	*	91
=	21.30

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

Anworth Mortgage Asset's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2020 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)
=	(34.05	+	0.75 * 6.554	+	0.5 * 0	-	1955.996
-	114.618	-	0)	/	0
=	N/A

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.

Anworth Mortgage Asset Accounts Receivable Related Terms

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Anworth Mortgage Asset (Anworth Mortgage Asset) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Anworth Mortgage Asset Corp (NYSE:ANHpB.PFD) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

1299 Ocean Avenue, Second Floor, Santa Monica, CA, USA, 90401

Website

http://www.anworth.com

Anworth Mortgage Asset Corp is engaged in the business of investment, financing, & management of a leveraged portfolio of residential mortgage-backed securities & residential mortgage loans which includes different types of investments such as Agency mortgage-backed securities, Non-agency mortgage-backed securities, & Residential mortgage loans through consolidated securitization trusts. Agency MBS include residential mortgage pass-through certificates or CMOs in which the principal and interest payments are guaranteed by a government-sponsored enterprise. Non-Agency MBS are issued by companies that are not guaranteed by federally sponsored enterprises, and the company finances its residential mortgage loans through asset-backed securities issued by the consolidated securitization trusts.