Cominar Real Estate Investment Trust (Cominar Real Estate Investment Trust) Accounts Receivable : $12.6 Mil (As of Dec. 2021)

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What is Cominar Real Estate Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cominar Real Estate Investment Trust's accounts receivables for the quarter that ended in Dec. 2021 was $12.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cominar Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 9.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cominar Real Estate Investment Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-8.09.

Cominar Real Estate Investment Trust Accounts Receivable Historical Data

The historical data trend for Cominar Real Estate Investment Trust'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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Cominar Real Estate Investment Trust Accounts Receivable Chart

Cominar Real Estate Investment Trust Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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17.07

14.20

15.22

20.99

12.56

Cominar Real Estate Investment Trust Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Accounts Receivable	Get a 7-Day Free Trial															20.99	20.65	22.02	18.88	12.56

Cominar Real Estate Investment Trust Accounts Receivable Calculation

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

Cominar Real Estate Investment Trust 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.

Cominar Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.564	/	127.274	*	91
=	9.01

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

Cominar Real Estate Investment Trust's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=	(5.941	+	0.75 * 12.564	+	0.5 * 2627.734	-	2805.688
-	0	-	0)	/	182.451
=	-8.09

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.

Cominar Real Estate Investment Trust Accounts Receivable Related Terms

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Cominar Real Estate Investment Trust (Cominar Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cominar Real Estate Investment Trust (OTCPK:CMLEF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

2820 Laurier Boulevard, Suite 850, Quebec City, QC, CAN, G1V 0C1

Website

https://www.cominar.com

Cominar Real Estate Investment Trust is a Canadian REIT involved in the ownership and management of properties throughout the Canadian provinces. Cominar's real estate portfolio comprises a mix of office, retail, and industrial and mixed-use properties. While industrial and mixed-use assets are the most numerous and command the most square footage in the company's portfolio, office and retail locations combined represent the vast majority of the portfolio's total value. Most of Cominar's properties are located in the Greater Quebec City and Montreal areas. The company derives nearly all of its revenue from rental income from its investment properties. The source of this revenue is largely split between Cominar's office and retail locations.