Western Asset Mortgage Capital (Western Asset Mortgage Capital) Change In Receivables : $0.41 Mil (TTM As of Sep. 2023)

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What is Western Asset Mortgage Capital Change In Receivables?

Western Asset Mortgage Capital's change in receivables for the quarter that ended in Sep. 2023 was $-0.02 Mil. It means Western Asset Mortgage Capital's Accounts Receivable increased by $0.02 Mil from Jun. 2023 to Sep. 2023 .

Western Asset Mortgage Capital's change in receivables for the fiscal year that ended in Dec. 2022 was $0.49 Mil. It means Western Asset Mortgage Capital's Accounts Receivable declined by $0.49 Mil from Dec. 2021 to Dec. 2022 .

Western Asset Mortgage Capital's Accounts Receivable for the quarter that ended in Sep. 2023 was $10.91 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Western Asset Mortgage Capital's liquidation value for the three months ended in Sep. 2023 was $-2,124.99 Mil.

Western Asset Mortgage Capital Change In Receivables Historical Data

The historical data trend for Western Asset Mortgage Capital's Change In Receivables 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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Western Asset Mortgage Capital Change In Receivables Chart

Western Asset Mortgage Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-8.36

2.55

3.30

3.95

0.49

Western Asset Mortgage Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															1.21	-0.01	0.15	0.29	-0.02

Western Asset Mortgage Capital Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.41 Mil.

Western Asset Mortgage Capital (NYSE:WMC) Change In Receivables 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 Receivable are being managed.

Western Asset Mortgage Capital's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.913	/	-3.072	*	91
=

2. In Ben Graham's calculation of liquidation value, Western Asset Mortgage Capital's accounts receivable are only considered to be worth 75% of book value:

Western Asset Mortgage Capital's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	24.608	-	2157.786	+	0.75 * 10.913	+	0.5 * 0
=	-2,124.99

Western Asset Mortgage Capital Change In Receivables Related Terms

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Western Asset Mortgage Capital (Western Asset Mortgage Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Western Asset Mortgage Capital Corp (NYSE:WMC) » Definitions » Change In Receivables

Comparable Companies

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Traded in Other Exchanges

N/A

Address

385 East Colorado Boulevard, Pasadena, CA, USA, 91101

Website

https://www.westernassetmcc.com

Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio. The corporation is externally managed by Western Asset Management Company and emphasizes on undervalued assets. It focuses on investing in, financing and managing majorly residential mortgage-backed securities, while its core focus is on Agency RMBS. The company aims to provide attractive risk-adjusted returns to its investors over the long-term across market conditions and economic cycles.

Executives

Robert W. Lehman	officer: Chief Financial Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Sean O. Johnson	officer: Deputy CIO	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Greg E. Handler	officer: Chief Investment Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Elliott Neumayer	officer: Chief Operating Officer	385 EAST COLORADO BLVD, PASADENA CA 91101
Bonnie M. Wongtrakool	director, officer: Chief Executive Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Lisa Meyer	officer: Chief Financial Officer	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Morgan Donald E Iii	10 percent owner	C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Brigade Capital Management Gp, Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Lisa G Quateman	director	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Jennifer Murphy	officer: President and CEO	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Harris Trifon	officer: Chief Investment Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Dennis Joseph Mcnamara	officer: Co-Chief Investment Officer	385 E. COLORADO BLVD., PASADENA CA 91101
M Christian Mitchell	director	355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Richard W Roll	director	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101