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Dexus Convenience Retail REIT (ASX:DXC) Accounts Receivable : A$1.57 Mil (As of Dec. 2023)


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What is Dexus Convenience Retail REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dexus Convenience Retail REIT's accounts receivables for the quarter that ended in Dec. 2023 was A$1.57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dexus Convenience Retail REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 9.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dexus Convenience Retail REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.94.


Dexus Convenience Retail REIT Accounts Receivable Historical Data

The historical data trend for Dexus Convenience Retail REIT'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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Dexus Convenience Retail REIT Accounts Receivable Chart

Dexus Convenience Retail REIT Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial 0.09 0.85 0.72 1.53 0.88

Dexus Convenience Retail REIT Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 1.53 1.60 0.88 1.57

Dexus Convenience Retail REIT Accounts Receivable Calculation

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


Dexus Convenience Retail REIT 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.

Dexus Convenience Retail REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.566/28.952*91
=9.87

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

Dexus Convenience Retail REIT'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)
=(4.92+0.75 * 1.566+0.5 * 0-268.632
-0-280.499)/137.757
=-3.94

* 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.


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.


Dexus Convenience Retail REIT Accounts Receivable Related Terms

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Dexus Convenience Retail REIT (ASX:DXC) Business Description

Traded in Other Exchanges
N/A
Address
50 Bridge Street, Level 30, Sydney, NSW, AUS, 2000
Dexus Convenience Retail REIT is an Australian real estate investment trust. The company owns a portfolio of service stations and convenience retail assets located across Australia. The company derives all income from investments in properties located in Australia. The principal investment objective of the group is to invest in convenience retail properties that provide investors with a high and consistent income distribution that maintains its real value for the life of the group.