Merlin Properties SOCIMI (Merlin Properties SOCIMI) Accounts Receivable

: $44.8 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Merlin Properties SOCIMI's accounts receivables for the quarter that ended in Dec. 2023 was $44.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Merlin Properties SOCIMI's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 34.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Merlin Properties SOCIMI's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.66.

Merlin Properties SOCIMI Accounts Receivable Historical Data

The historical data trend for Merlin Properties SOCIMI'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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Merlin Properties SOCIMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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19.04

9.95

16.72

31.50

44.76

Merlin Properties SOCIMI 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															31.50	44.57	48.57	56.37	44.76

Merlin Properties SOCIMI Accounts Receivable Calculation

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

Merlin Properties SOCIMI 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.

Merlin Properties SOCIMI's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.762	/	117.941	*	91
=	34.63

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

Merlin Properties SOCIMI'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)
=	(502.126	+	0.75 * 44.762	+	0.5 * 55.59	-	6026.579
-	0	-	0)	/	468.372
=	-11.66

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.

Merlin Properties SOCIMI Accounts Receivable Related Terms

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Merlin Properties SOCIMI (Merlin Properties SOCIMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merlin Properties SOCIMI SA (OTCPK:MRPRF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MRL:Portugal MRLe:UK 0QVM:UK MRL:Spain MEQA:Germany

Address

Paseo de la Castellana 257, Madrid, ESP, 28046

Website

https://www.merlinproperties.com

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Net lease, Shopping centers, Logistics assets, and others. The company generates the maximum revenue from the Office buildings segment.

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