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Goodman Property Trust (NZSE:GMT) Accounts Receivable : NZ$12.6 Mil (As of Sep. 2023)


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What is Goodman Property Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goodman Property Trust's accounts receivables for the quarter that ended in Sep. 2023 was NZ$12.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goodman Property Trust's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 19.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Goodman Property Trust's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was NZ$-1.08.


Goodman Property Trust Accounts Receivable Historical Data

The historical data trend for Goodman Property 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.

* Premium members only.

Goodman Property Trust Accounts Receivable Chart

Goodman Property Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 0.60 1.60 1.30 1.50

Goodman Property Trust Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.90 1.30 7.70 1.50 12.60

Goodman Property Trust Accounts Receivable Calculation

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


Goodman Property 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.

Goodman Property Trust's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.6/119.5*91
=19.24

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

Goodman Property Trust's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(5.3+0.75 * 12.6+0.5 * 0-1526.2
-0-0)/1403.3
=-1.08

* 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.


Goodman Property Trust Accounts Receivable Related Terms

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Goodman Property Trust (NZSE:GMT) Business Description

Traded in Other Exchanges
N/A
Address
The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018
Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

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