PennyMac Mortgage Investment Trust (FRA:8PM) Accounts Receivable : €47.6 Mil (As of Dec. 2023)

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What is PennyMac Mortgage Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PennyMac Mortgage Investment Trust's accounts receivables for the quarter that ended in Dec. 2023 was €47.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PennyMac Mortgage Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 95.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PennyMac Mortgage Investment Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-106.29.

PennyMac Mortgage Investment Trust Accounts Receivable Historical Data

The historical data trend for PennyMac Mortgage 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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PennyMac Mortgage Investment Trust Accounts Receivable Chart

PennyMac Mortgage Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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28.25

44.14

47.60

PennyMac Mortgage 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															49.86	49.04	53.33	47.60	-

PennyMac Mortgage Investment Trust Accounts Receivable Calculation

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

PennyMac Mortgage 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.

PennyMac Mortgage Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	47.6	/	45.592	*	91
=	95.27

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

PennyMac Mortgage Investment Trust'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)
=	(1484.551	+	0.75 * 47.6	+	0.5 * 0	-	10230.783
-	496.539	-	0)	/	86.624
=	-106.29

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.

PennyMac Mortgage Investment Trust Accounts Receivable Related Terms

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PennyMac Mortgage Investment Trust (FRA:8PM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PennyMac Mortgage Investment Trust (FRA:8PM) » Definitions » Accounts Receivable

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Address

3043 Townsgate Road, Westlake Village, CA, USA, 91361

Website

https://www.pennymacmortgageinvestmenttrust.com

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as production and servicing of financial securities based on residential loans and pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income.

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