Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FelCor Lodging Trust's accounts receivables for the quarter that ended in Jun. 2017 was $43.9 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
FelCor Lodging Trust's Days Sales Outstanding for the quarter that ended in Jun. 2017 was 18.18.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FelCor Lodging Trust's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was $-12.90.
FelCor Lodging Trust Accounts Receivable Historical Data
The historical data trend for FelCor Lodging 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.
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.
FelCor Lodging Trust's Days Sales Outstanding for the quarter that ended in Jun. 2017 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FelCor Lodging Trust's accounts receivable are only considered to be worth 75% of book value:
FelCor Lodging Trust's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 is calculated as:
* 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.
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.
FelCor Lodging Trust Accounts Receivable Related Terms
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FelCor Lodging Trust (FelCor Lodging Trust) Business Description
FelCor Lodging Trust Inc. is a U.S.-based real estate investment trust that invests in upper-upscale, upscale, upper-midscale and independent hotel resort markets located in the U.S. and Canada. Through its subsidiary, FelCor Lodging Limited Partnership, or FelCor LP, the company holds ownership interests in the hotels in its portfolio. The firm operates through a single segment because of the similar economic characteristics of its hotels. The majority of the company's revenue is derived from its California properties. The firm's revenue streams include Room, Food and beverage, and Other operating departments revenue. Room comprises the majority of total revenue. FelCor's hotels operate under major brands, including Hilton, Marriott, Renaissance, Sheraton, Westin, and Holiday Inn.
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