Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Accounts Receivable : $15.4 Mil (As of Mar. 2024)

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What is Crombie Real Estate Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Crombie Real Estate Investment Trust's accounts receivables for the quarter that ended in Mar. 2024 was $15.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Crombie Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 15.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Crombie Real Estate Investment Trust's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.31.

Crombie Real Estate Investment Trust Accounts Receivable Historical Data

The historical data trend for Crombie Real Estate Investment Trust'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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Crombie Real Estate Investment Trust Accounts Receivable Chart

Crombie Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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11.11

26.74

19.10

14.22

12.83

Crombie Real Estate Investment Trust 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															14.20	18.47	13.41	12.83	15.38

Crombie Real Estate Investment Trust Accounts Receivable Calculation

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

Crombie Real Estate Investment Trust 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.

Crombie Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.381	/	88.178	*	91
=	15.92

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

Crombie Real Estate Investment Trust'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)
=	(9.069	+	0.75 * 15.381	+	0.5 * 0	-	1714.01
-	0	-	0)	/	181.797
=	-9.31

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.

Crombie Real Estate Investment Trust Accounts Receivable Related Terms

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Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crombie Real Estate Investment Trust (OTCPK:CROMF) » Definitions » Accounts Receivable

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CRR.UN:Canada

Address

610 East River Road, Suite 200, New Glasgow, NS, CAN, B2H 3S2

Website

https://www.crombiereit.ca

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets. Crombie's major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company's property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.