Flagship Communities REIT (TSX:MHC.U) Change In Receivables : $-0.01 Mil (TTM As of Mar. 2024)

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What is Flagship Communities REIT Change In Receivables?

Flagship Communities REIT's change in receivables for the quarter that ended in Mar. 2024 was $-0.17 Mil. It means Flagship Communities REIT's Accounts Receivable increased by $0.17 Mil from Dec. 2023 to Mar. 2024 .

Flagship Communities REIT's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.08 Mil. It means Flagship Communities REIT's Accounts Receivable increased by $0.08 Mil from Dec. 2022 to Dec. 2023 .

Flagship Communities REIT's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.68 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. Flagship Communities REIT's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Flagship Communities REIT's liquidation value for the three months ended in Mar. 2024 was $-469.15 Mil.

Flagship Communities REIT Change In Receivables Historical Data

The historical data trend for Flagship Communities REIT'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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Flagship Communities REIT Change In Receivables Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.42

-0.12

-0.08

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial														-0.24	-0.18	-0.14	0.48	-0.17

Flagship Communities REIT 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Flagship Communities REIT (TSX:MHC.U) 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.

Flagship Communities REIT's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.677	/	19.92	*	91
=	3.10

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

Flagship Communities REIT's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	17.876	-	487.534	+	0.75 * 0.677	+	0.5 * 0
=	-469.15

Flagship Communities REIT Change In Receivables Related Terms

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Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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