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Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Accounts Receivable : R$32.78 Mil (As of Dec. 2023)


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What is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's accounts receivables for the quarter that ended in Dec. 2023 was R$32.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 70.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R$42.65.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Accounts Receivable Historical Data

The historical data trend for Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario'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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Accounts Receivable Chart

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
4.78 30.49 32.78

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23
Accounts Receivable 4.78 30.49 32.78

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Accounts Receivable Calculation

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


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=32.777/84.542*91
=70.76

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's accounts receivable are only considered to be worth 75% of book value:

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario'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)
=(161.138+0.75 * 32.777+0.5 * 52.329-23.084
-0-0)/4.42683
=42.65

* 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.


Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Accounts Receivable Related Terms

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Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Business Description

Traded in Other Exchanges
Address
Rua Funchal, 418 - 21 andar, Sao Paulo, SP, BRA, 04548-004
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.

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