Charter Hall Long WALE REIT (ASX:CLW) Accounts Receivable : A$23.5 Mil (As of Dec. 2023)

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What is Charter Hall Long WALE REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Charter Hall Long WALE REIT's accounts receivables for the quarter that ended in Dec. 2023 was A$23.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Charter Hall Long WALE REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 38.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Charter Hall Long WALE REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.00.

Charter Hall Long WALE REIT Accounts Receivable Historical Data

The historical data trend for Charter Hall Long WALE REIT'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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Charter Hall Long WALE REIT Accounts Receivable Chart

Charter Hall Long WALE REIT Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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1.42

1.23

1.59

3.94

3.87

Charter Hall Long WALE REIT Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										24.42	3.94	25.85	3.87	23.46

Charter Hall Long WALE REIT Accounts Receivable Calculation

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

Charter Hall Long WALE REIT 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.

Charter Hall Long WALE REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.464	/	110.185	*	91
=	38.86

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

Charter Hall Long WALE REIT'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)
=	(24.855	+	0.75 * 23.464	+	0.5 * 0	-	2212.533
-	0	-	0)	/	722.955
=	-3.00

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.

Charter Hall Long WALE REIT Accounts Receivable Related Terms

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Charter Hall Long WALE REIT (ASX:CLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Long WALE REIT (ASX:CLW) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CHLWF:USA

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Long Wale REIT is a diversified property trust, with assets in Australia and New Zealand. Occupancy is near 100%, and weighted average lease length is a long 11.2 years (as at June 30, 2023). More than half the REIT's leases are triple-net, where tenants pay rates, maintenance and most outgoings. The REIT's about AUD 7 billion portfolio of 550 properties spans offices, industrial, retail, social infrastructure, and agricultural logistics assets, with about 79% of the portfolio on Australia's eastern seaboard. Leases are evenly spread between CPI-linked (7.2% average rent increase expected in 2023) and fixed uplifts (average 3.1% uplift expected). The tenant profile is strong, with almost all occupiers being government, multinational or national businesses.