Dream Residential REIT (Dream Residential REIT) Accounts Receivable : $0.92 Mil (As of Mar. 2024)

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What is Dream Residential REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dream Residential REIT's accounts receivables for the quarter that ended in Mar. 2024 was $0.92 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dream Residential REIT's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 7.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dream Residential REIT's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-10.04.

Dream Residential REIT Accounts Receivable Historical Data

The historical data trend for Dream Residential 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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Dream Residential REIT Accounts Receivable Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Accounts Receivable

0.92

0.82

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			0.92	0.88	0.74	0.82	0.92

Dream Residential REIT Accounts Receivable Calculation

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

Dream Residential 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.

Dream Residential REIT's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.924	/	12.014	*	91
=	7.02

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

Dream Residential REIT's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(9.124	+	0.75 * 0.924	+	0.5 * 0	-	169.758
-	0	-	0)	/	15.9314
=	-10.04

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.

Dream Residential REIT Accounts Receivable Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.