Agree Realty (Agree Realty) Accounts Receivable : $91.3 Mil (As of Mar. 2024)

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What is Agree Realty Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Agree Realty's accounts receivables for the quarter that ended in Mar. 2024 was $91.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Agree Realty's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 55.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Agree Realty's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-27.73.

Agree Realty Accounts Receivable Historical Data

The historical data trend for Agree Realty'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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Agree Realty Accounts Receivable Chart

Agree Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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26.81

37.81

53.44

65.84

82.95

Agree Realty 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															71.09	70.93	77.75	82.95	91.30

Agree Realty Accounts Receivable Calculation

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

Agree Realty 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.

Agree Realty's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	91.301	/	149.453	*	91
=	55.74

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

Agree Realty'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)
=	(6.314	+	0.75 * 91.301	+	0.5 * 0	-	2689.19
-	175	-	0.878)	/	100.629
=	-27.73

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.

Agree Realty Accounts Receivable Related Terms

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Agree Realty (Agree Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Agree Realty Corp (NYSE:ADC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ADCPRA.PFD:USA ADC:Mexico AGL:Germany AGL:Germany

Address

70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304

Website

https://www.agreerealty.com

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Executives

Richard Agree	officer: Chief Executive Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334
John Jr Rakolta	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Greg Lehmkuhl	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Joey Agree	officer: Chief Operating Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034
Craig Erlich	officer: CHIEF OPERATING OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Peter Coughenour	officer: CHIEF FINANCIAL OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Stephen Breslin	officer: Chief Accounting Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff	officer: CHIEF ACCOUNTING OFFICER	70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
Karen Dearing	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Nicole Witteveen	officer: EVP, PEOPLE & CULTURE	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Judlowe	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Hollman	director	7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102
Jerome R Rossi	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Danielle M Spehar	officer: GENERAL COUNSEL	70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304
Merrie S. Frankel	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034