Simon Property Group (Simon Property Group) Accounts Receivable

: $826 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. Simon Property Group's accounts receivables for the quarter that ended in Dec. 2023 was $826 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Simon Property Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 49.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Simon Property Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-87.48.

Simon Property Group Accounts Receivable Historical Data

The historical data trend for Simon Property Group'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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Simon Property Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

832.15

1,236.73

919.65

823.54

826.13

Simon Property Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																823.54	779.70	738.17	757.61	826.13

Simon Property Group Accounts Receivable Calculation

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

Simon Property Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	826.126	/	1527.438	*	91
=	49.35

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

Simon Property Group'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)
=	(2168.991	+	0.75 * 826.126	+	0.5 * 0	-	30595.897
-	41.106	-	664.764)	/	325.921
=	-87.48

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.

Simon Property Group Accounts Receivable Related Terms

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Simon Property Group (Simon Property Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (NYSE:SPG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SPGpJ.PFD:USA SPG:Mexico 1SPG:Italy SQI:Germany SQI:Germany SIMN34:Brazil SPGR:Austria

Address

225 West Washington Street, Indianapolis, IN, USA, 46204

Website

https://www.simon.com

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Executives

Larry C Glasscock	director	SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Randall J Lewis	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Allan B Hubbard	director	ANTHEM INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glyn Aeppel	director	6 WHIPPOORWILL LANE, WESTPORT CT 06880
Gary M Rodkin	director	700 ANDERSON HILL RD, PURCHASE NJ 10577
Reuben S Leibowitz	director	466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Marta R Stewart	director	C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Daniel C. Smith	director	3000 GODFREY GRADUATE AND EXECUTIVE CTR., 1275 EAST TENTH STREET, BLOOMINGTON IN 47405-1703
Stefan M Selig	director	2 EAST 70TH STREET, NEW YORK NY 10021
Peggy Fang Roe	director	100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Karen N Horn	director
Smith J Albert Jr	director	111 MONUMENT CIRCLE, IN1-0175, INDIANAPOLIS IN 46204
Matthew A Jackson	officer: SVP, Assistant Treasurer	225 W. WASHINGTON ST., INDIANAPOLIS IN 46256
Kevin M Kelly	officer: Asst. General Counsel/Sec.	225 W. WASHINGTON ST., INDIANAPOLIS IN 46204
Donald G Frey	officer: EVP, Treasurer	225 W. WASHINGTON ST., INDIANAPOLIS IN 46204