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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kite Realty Group Trust's accounts receivables for the quarter that ended in Dec. 2023 was $57.8 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Kite Realty Group Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.34.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kite Realty Group Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-15.02.
The historical data trend for Kite Realty Group 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.
Kite Realty Group Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 55.29 | 57.15 | 68.44 | 56.84 | 57.81 |
Kite Realty Group Trust 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 | 56.84 | 103.47 | 109.55 | 113.07 | 57.81 |
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.
Kite Realty Group 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 |
= | 57.808 | / | 200.276 | * | 91 |
= | 26.34 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Kite Realty Group Trust's accounts receivable are only considered to be worth 75% of book value:
Kite Realty Group 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) | ||
= | (36.413 | + | 0.75 * 57.808 | + | 0.5 * 0 | - | 3373.51 |
- | 0 | - | 2.43) | / | 219.448 | ||
= | -15.02 |
* 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 Kite Realty Group Trust's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven P Grimes | director | RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523 |
John A Kite | director, officer: CEO, Pres & Trustee | KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204 |
Charles H Wurtzebach | director | 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523 |
Gerald M Gorski | director | RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523 |
Bonnie Biumi | director | RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523 |
Peter L Lynch | director | 2021 SPRING ROAD SUITE 200, OAK BROOK IL 60523 |
Derrick Burks | director | C/O EQUITY LIFESTYLE PROPERTIES INC, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606 |
Caroline L. Young | director | C/O KITE REALTY GROUP TRUST, 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204 |
R Fear Heath | officer: EVP & Chief Financial Officer | C/O GGP INC., 350 N. ORLEANS, SUITE 300, CHICAGO IL 60654 |
Lee A Daniels | director | 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523 |
William E Bindley | director | |
Barton R Peterson | director | LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285 |
David Buell | officer: Senior VP & CAO | KITE REALTY GROUP TRUST, 30 SOUTH MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204 |
Thomas K Mcgowan | officer: EVP & COO | KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204 |
Thomas R Olinger | officer: Senior VP & CAO | 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204 |
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