Essex Property Trust (Essex Property Trust) Accounts Receivable : $9 Mil (As of Mar. 2024)

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What is Essex Property Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Essex Property Trust's accounts receivables for the quarter that ended in Mar. 2024 was $9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Essex Property Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Essex Property Trust's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-104.97.

Essex Property Trust Accounts Receivable Historical Data

The historical data trend for Essex 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.

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Essex Property Trust Accounts Receivable Chart

Essex Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6.08

25.21

15.52

12.16

9.35

Essex Property Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															12.54	11.98	10.49	9.35	9.25

Essex Property Trust Accounts Receivable Calculation

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

Essex 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.

Essex Property Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.246	/	426.928	*	91
=	1.98

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

Essex Property Trust's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(590.331	+	0.75 * 9.246	+	0.5 * 0	-	7129.24
-	0	-	207.914)	/	64.209
=	-104.97

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.

Essex Property Trust Accounts Receivable Related Terms

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Essex Property Trust (Essex Property Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essex Property Trust Inc (NYSE:ESS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EXP:Germany E1SS34:Brazil

Address

1100 Park Place, Suite 200, San Mateo, CA, USA, 94403

Website

http://www.essex.com

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

Executives

Anne Morrison	officer: SVP - General Counsel	C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Amal M Johnson	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Angela L. Kleiman	officer: Executive Vice President & CFO	1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Michael J Schall	director, officer: Sr. Exec. Vice President & CFO	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Adam W Berry	officer: Co-Chief Investment Officer	C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Barbara Pak	officer: Executive Vice President & CFO	C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
John Farias	officer: Group Vice President and CAO	C/O ESSEX PROPERTY TRUST, INC, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Lyons Irving F Iii	director	C/O ESSEX PROPERTY TRUST, INC., 925 E. MEADOW DRIVE, PALO ALTO CA 94303
Thomas E Robinson	director	309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117
Byron A Scordelis	director
Maria R Hawthorne	director	701 WESTERN AVENUE, GLENDALE CA 91201
John F. Burkart	officer: Executive Vice President	C/O ESSEX PROPERTY TRUST INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Craig K Zimmerman	officer: Executive Vice President	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Janice L. Sears	director	1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
John D Eudy	officer: Executive Vice President	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403