Capstead Mortgage (Capstead Mortgage) Accounts Receivable : $134.32 Mil (As of Jun. 2021)

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What is Capstead Mortgage Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Capstead Mortgage's accounts receivables for the quarter that ended in Jun. 2021 was $134.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Capstead Mortgage's Days Sales Outstanding for the quarter that ended in Jun. 2021 was 674.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Capstead Mortgage's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-71.45.

Capstead Mortgage Accounts Receivable Historical Data

The historical data trend for Capstead Mortgage'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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Capstead Mortgage Accounts Receivable Chart

Capstead Mortgage Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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149.49

132.94

129.06

127.03

136.11

Capstead Mortgage Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Accounts Receivable	Get a 7-Day Free Trial															115.06	141.41	136.11	143.30	134.32

Capstead Mortgage Accounts Receivable Calculation

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

Capstead Mortgage 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.

Capstead Mortgage's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	134.316	/	18.162	*	91
=	674.83

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

Capstead Mortgage's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=	(207.392	+	0.75 * 134.316	+	0.5 * 0	-	6976.648
-	250.946	-	0)	/	96.848
=	-71.45

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.

Capstead Mortgage Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Capstead Mortgage's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Capstead Mortgage (Capstead Mortgage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Capstead Mortgage Corp (NYSE:CMO) » Definitions » Accounts Receivable

Comparable Companies

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Traded in Other Exchanges

N/A

Address

8401 North Central Expressway, Suite 800, Dallas, TX, USA, 75225-4404

Website

http://www.capstead.com

Capstead Mortgage Corp is a self-managed real estate investment trust for federal income tax purposes. The company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

Executives

Patsy Joseph Augustine	director	8401 N CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
Michelle P Goolsby	director	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Mark S Whiting	director	C/O TRINET CORPORATE REALTY TRUST INC, FOUR EMBARCADERO CENTER #3150, SAN FRANCISCO CA 94111
Christopher W Mahowald	director	OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY STE. 350, ANN ARBOR MI 48108
Michael G Oneil	director	8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Gary Keiser	director	8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Jack Biegler	director	8401 NORTH CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
John L Bernard	director	2815 BRODERICK STREET, SAN FRANCISCO CA 94123
Phillip A Reinsch	director, officer: President & CEO	8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Lance Phillips	officer: Chief Financial Officer	1807 ROSS AVE., 4TH FLOOR, DALLAS TX 75201
Roy Kim	officer: Senior Vice President	5929 GLENDORA AVE, DALLAS TX 75230
Spears Robert R Jr	officer: EVP & CIO	8401 N CENTRAL EXPRESSWAY STE 800, DALLAS TX 75225
Andrew F Jacobs	officer: CEO & President	8401 N CENTRAL EXPRESSWAY STE 800, DALLAS TX 75225
Mike Brown	officer: Senior VP	8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Paul M Low	other: Retired Director