NexPoint Residential Trust (NexPoint Residential Trust) Accounts Receivable : $14.6 Mil (As of Dec. 2023)

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What is NexPoint Residential Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NexPoint Residential Trust's accounts receivables for the quarter that ended in Dec. 2023 was $14.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NexPoint Residential Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NexPoint Residential Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-61.92.

NexPoint Residential Trust Accounts Receivable Historical Data

The historical data trend for NexPoint Residential 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.

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NexPoint Residential Trust Accounts Receivable Chart

NexPoint Residential Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6.29

9.05

4.84

17.12

14.60

NexPoint Residential Trust 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															17.12	18.52	15.51	14.74	14.60

NexPoint Residential Trust Accounts Receivable Calculation

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

NexPoint Residential Trust 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.

NexPoint Residential Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.598	/	68.892	*	91
=	19.34

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

NexPoint Residential Trust'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)
=	(12.367	+	0.75 * 14.598	+	0.5 * 0	-	1607.775
-	0	-	5.246)	/	25.6743
=	-61.92

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.

NexPoint Residential Trust Accounts Receivable Related Terms

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NexPoint Residential Trust (NexPoint Residential Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NexPoint Residential Trust Inc (NYSE:NXRT) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointliving.com

NexPoint Residential Trust Inc is an us-based real estate investment trust company. Its company's investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions, and achieve long-term capital appreciation for stockholders. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals primarily in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.

Executives

Brian Mitts	director, officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
James D Dondero	director, 10 percent owner, officer: President	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Sauter Dennis Charles Jr	officer: General Counsel	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Arthur B Laffer	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Carol Swain	director	C/O NEXPOINT RESIDENTIAL TRUST, INC., 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Catherine D Wood	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Matt Mcgraner	officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Matthew Goetz	officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Highland Capital Management Fund Advisors, L.p.	10 percent owner	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Edward N. Constantino	director	DLC REALTY TRUST, INC., 580 WHITE PLAINS ROAD, TARRYTOWN NY 10591
Scott F Kavanaugh	director	25342 DERBYHILL DR., LAGUNA HILLS CA 92653
Nexpoint Advisors, L.p.	10 percent owner	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Scott Ellington	officer: General Counsel and Secretary	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Nexpoint Diversified Real Estate Trust	10 percent owner	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Highland Capital Management Lp	10 percent owner	100 CRESCENT COURT, SUITE 1850, DALLAS TX 75201