Prologis (Prologis) Accounts Receivable

: $326 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. Prologis's accounts receivables for the quarter that ended in Dec. 2023 was $326 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Prologis's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Prologis's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-42.33.

Prologis Accounts Receivable Historical Data

The historical data trend for Prologis'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.

* Premium members only.

Prologis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

85.84

189.36

424.24

378.00

325.70

Prologis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																378.00	-	-	-	325.70

Prologis Accounts Receivable Calculation

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

Prologis 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	325.698	/	1889.247	*	91
=	15.73

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

Prologis'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)
=	(530.388	+	0.75 * 325.698	+	0.5 * 0	-	35197.12
-	63.948	-	4641.996)	/	924.391
=	-42.33

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.

Prologis Accounts Receivable Related Terms

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Prologis (Prologis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (NYSE:PLD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

PLDGP.PFD:USA PLD:Mexico 1PLD:Italy POJN:Germany POJN:Germany P1LD34:Brazil

Address

Pier 1, Bay 1, San Francisco, CA, USA, 94111

Website

https://www.prologis.com

Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.

Executives

James B. Connor	director	600 E 96TH ST, #100, INDIANAPOLIS IN 46240
George L Fotiades	director	281 SUMMIT AVENUE, SUMMIT NJ 07901
Daniel Letter	officer: President	PIER 1, BAY 1, SAN FRANCISCO CA 94111
David P Oconnor	director	C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Avid Modjtabai	director	420 MONTGOMERY STREET, 12TH FLOOR, SAN FRANCISCO CA 94104
Lyons Irving F Iii	director	C/O ESSEX PROPERTY TRUST, INC., 925 E. MEADOW DRIVE, PALO ALTO CA 94303
Timothy D Arndt	officer: Chief Financial Officer	PIER 1, BAY 1, SAN FRANCISCO CA 94111
William D Zollars	director	10777 BARKLEY, PO BOX 7563, OVERLAND PARK KS 66207-0563
Hamid R Moghadam	director, officer: Chairman & CEO	PIER 1, BAY 1, SAN FRANCISCO CA 94111
Lydia H Kennard	director	155 N LAKE AVE, PASADENA CA 91101
Jeffrey L Skelton	director
Eugene F Reilly	officer: Executive Vice President	C/O AMB PROPERTY CORP, PIER I BAY 1, SAN FRANCISCO CA 94111
Thomas S Olinger	officer: Chief Financial Officer	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Philip L Hawkins	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Edward S Nekritz	officer: Chief Legal Off./Gen. Counsel	KATE MEADE, 14100 E 35TH PL, AURORA CO 80011