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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ladder Capital's accounts receivables for the quarter that ended in Dec. 2023 was $24.2 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Ladder Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 38.01.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ladder Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-22.13.
The historical data trend for Ladder Capital'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.
Ladder Capital Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 21.07 | 16.09 | 13.65 | 24.94 | 24.23 |
Ladder Capital 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 | 25.79 | 23.65 | 23.06 | 24.23 | 23.21 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Ladder Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 24.233 | / | 58.175 | * | 91 |
= | 38.01 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Ladder Capital's accounts receivable are only considered to be worth 75% of book value:
Ladder Capital'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) | ||
= | (1153.068 | + | 0.75 * 24.233 | + | 0.5 * 0 | - | 3980.479 |
- | 0 | - | -0.95) | / | 126.912 | ||
= | -22.13 |
* 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.
Thank you for viewing the detailed overview of Ladder Capital's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul J. Miceli | officer: Chief Financial Officer | C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154 |
Anthony Vincent Esposito | officer: Chief Accounting Officer | C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154 |
Pamela Mccormack | officer: Chief Strategy Officer & GC | 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10054 |
Brian Harris | director, officer: Chief Executive Officer | 600 LEXINGTON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
Kelly Amanda Porcella | officer: General Counsel | C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154 |
Kevin Moclair | officer: Chief Accounting Officer | 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154 |
Robert Perelman | officer: Head of Asset Management | 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10054 |
Marc Fox | officer: Chief Financial Officer | 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10054 |
Mark David Alexander | director | C/O LADDER CAPITAL CORP, 345 PARK AVENUE, NEW YORK NY 10154 |
David Alan Weiner | director | C/O LADDER CAPITAL CORP, 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154 |
Jeffrey B Steiner | director | 15 WEST 63RD STREET, NEW YORK NY 10023 |
Thomas Harney | officer: Head-Merchant Banking & Cap Mk | 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154 |
Alan H Fishman | director, Chairman | ONE METROTECH CENTER, BROOKLYN NY 11201 |
Gi Partners Fund Iii Lp | director, 10 percent owner | 2180 SAND HILL ROAD, SUITE 210, MENLO PARK CA 94025 |
Towerbrook Investor Ii Executive Fund L P | 10 percent owner | 430 PARK AVE 6TH FL, NEW YORK NY 10022 |
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