Alexander's (Alexander's) Accounts Receivable : $130.9 Mil (As of Dec. 2023)

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What is Alexander's Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Alexander's's accounts receivables for the quarter that ended in Dec. 2023 was $130.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Alexander's's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 189.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Alexander's's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-104.94.

Alexander's Accounts Receivable Historical Data

The historical data trend for Alexander's'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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Alexander's Accounts Receivable Chart

Alexander's Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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172.47

153.39

141.84

132.20

130.94

Alexander's 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															132.20	131.09	128.70	127.97	130.94

Alexander's Accounts Receivable Calculation

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

Alexander's 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.

Alexander's's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	130.942	/	62.935	*	91
=	189.85

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

Alexander's'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)
=	(531.855	+	0.75 * 130.942	+	0.5 * 0	-	1166.023
-	0	-	0)	/	5.10729
=	-104.94

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.

Alexander's Accounts Receivable Related Terms

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Alexander's (Alexander's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexander's Inc (NYSE:ALX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AXE:Germany AXE:Germany

Address

210 Route 4 East, Paramus, NJ, USA, 07652

Website

https://www.alx-inc.com

Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

Executives

Gary W. Hansen	officer: Chief Financial Officer	210 ROUTE 4 EAST, PARAMUS NJ 07652
Mandakini Puri	director	C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Wight Russell B Jr	director
Matthew Iocco	officer: Chief Financial Officer	888 7TH AVENUE, NEW YORK NY 10019
Wendy Silverstein	director, .
Properties Interstate	10 percent owner	C/O VORNADO REALTY TRUST, 888 SEVENTH AVENUE, NEW YORK NY 10019
Thomas R Dibenedetto	director
David Mandelbaum	director, 10 percent owner
Arthur Sonnenblick	director	888 SEVENTH AVE, NEW YORK NY 10019
Steven Roth	director, 10 percent owner, officer: Chairman & CEO
Neil Underberg	director	888 SEVENTH AVE, NEW YORK NY 10019
Richard R West	director
Joseph Macnow	officer: CFO/EVP - Fin. & Admin.
Michael D Fascitelli	director, officer: President	MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Stephen Mann	director	450 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022