Equity Commonwealth (Equity Commonwealth) Accounts Receivable : $15.74 Mil (As of Dec. 2023)

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What is Equity Commonwealth Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Equity Commonwealth's accounts receivables for the quarter that ended in Dec. 2023 was $15.74 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Equity Commonwealth's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 94.81.

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

Equity Commonwealth Accounts Receivable Historical Data

The historical data trend for Equity Commonwealth'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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Equity Commonwealth Accounts Receivable Chart

Equity Commonwealth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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19.55

14.70

15.55

16.01

15.74

Equity Commonwealth 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															16.01	15.61	16.15	15.17	15.74

Equity Commonwealth Accounts Receivable Calculation

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

Equity Commonwealth 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.737	/	15.146	*	91
=	94.81

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

Equity Commonwealth'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)
=	(2160.535	+	0.75 * 15.737	+	0.5 * 0	-	34.928
-	119.263	-	5.046)	/	0
=	N/A

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.

Equity Commonwealth Accounts Receivable Related Terms

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Equity Commonwealth (Equity Commonwealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Commonwealth (NYSE:EQCPRECL.PFD) » Definitions » Accounts Receivable

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EQCpD.PFD:USA EQC:USA

Address

Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606

Website

https://www.eqcre.com

Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.