Equites Property Fund (JSE:EQU) Change In Receivables : R-119 Mil (TTM As of Feb. 2024)

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What is Equites Property Fund Change In Receivables?

Equites Property Fund's change in receivables for the quarter that ended in Feb. 2024 was R15 Mil. It means Equites Property Fund's Accounts Receivable declined by R15 Mil from Aug. 2023 to Feb. 2024 .

Equites Property Fund's change in receivables for the fiscal year that ended in Feb. 2024 was R-119 Mil. It means Equites Property Fund's Accounts Receivable increased by R119 Mil from Feb. 2023 to Feb. 2024 .

Equites Property Fund's Accounts Receivable for the quarter that ended in Feb. 2024 was R391 Mil.

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 Receivable are being managed. Equites Property Fund's Days Sales Outstanding for the six months ended in Feb. 2024 was 56.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Equites Property Fund's liquidation value for the six months ended in Feb. 2024 was R-11,884 Mil.

Equites Property Fund Change In Receivables Historical Data

The historical data trend for Equites Property Fund's Change In Receivables 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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Equites Property Fund Change In Receivables Chart

Equites Property Fund Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Change In Receivables

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36.59

-89.81

0.25

-43.75

-118.96

Equites Property Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-	-380.29	336.54	-134.42	15.47

Equites Property Fund Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-119 Mil.

Equites Property Fund (JSE:EQU) Change In Receivables 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 Receivable are being managed.

Equites Property Fund's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	390.721	/	1252.152	*	91
=	56.95

2. In Ben Graham's calculation of liquidation value, Equites Property Fund's accounts receivable are only considered to be worth 75% of book value:

Equites Property Fund's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	625.966	-	13277.662	+	0.75 * 390.721	+	0.5 * 948.685
=	-11,884

Equites Property Fund Change In Receivables Related Terms

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Equites Property Fund (JSE:EQU) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equites Property Fund Ltd (JSE:EQU) » Definitions » Change In Receivables

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Address

4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001

Website

https://www.equites.co.za

Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

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