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Merlin Properties SOCIMI (LTS:0QVM) Accounts Receivable : €70.4 Mil (As of Sep. 2024)


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What is Merlin Properties SOCIMI Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Merlin Properties SOCIMI's accounts receivables for the quarter that ended in Sep. 2024 was €70.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Merlin Properties SOCIMI's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 49.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Merlin Properties SOCIMI's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-7.41.


Merlin Properties SOCIMI Accounts Receivable Historical Data

The historical data trend for Merlin Properties SOCIMI'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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Merlin Properties SOCIMI Accounts Receivable Chart

Merlin Properties SOCIMI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.14 8.18 14.79 29.74 41.05

Merlin Properties SOCIMI Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.82 41.05 54.74 61.84 70.37

Merlin Properties SOCIMI Accounts Receivable Calculation

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


Merlin Properties SOCIMI 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.

Merlin Properties SOCIMI's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=70.373/130.9*91
=49.06

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

Merlin Properties SOCIMI's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(1686.796+0.75 * 70.373+0.5 * 0-5909.208
-0-0)/562.415
=-7.41

* 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.


Merlin Properties SOCIMI Accounts Receivable Related Terms

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Merlin Properties SOCIMI Business Description

Address
Paseo de la Castellana 257, Madrid, ESP, 28046
Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Data Centers, Shopping centers, Logistics assets, and others. The company generates the maximum revenue from the Office buildings segment.

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