Modiv Industrial (Modiv Industrial) Accounts Receivable : $14.56 Mil (As of Mar. 2024)

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What is Modiv Industrial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Modiv Industrial's accounts receivables for the quarter that ended in Mar. 2024 was $14.56 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Modiv Industrial's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 111.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Modiv Industrial's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-32.50.

Modiv Industrial Accounts Receivable Historical Data

The historical data trend for Modiv Industrial'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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Modiv Industrial Accounts Receivable Chart

Modiv Industrial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

6.23

8.49

7.83

7.26

12.80

Modiv Industrial Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											8.65	9.47	11.21	12.80	14.56

Modiv Industrial Accounts Receivable Calculation

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

Modiv Industrial 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.

Modiv Industrial's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.558	/	11.901	*	91
=	111.62

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

Modiv Industrial'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)
=	(18.405	+	0.75 * 14.558	+	0.5 * 0	-	294.127
-	0.002	-	40.338)	/	9.3893
=	-32.50

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.

Modiv Industrial Accounts Receivable Related Terms

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Modiv Industrial (Modiv Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Modiv Industrial Inc (NYSE:MDV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 S. Virginia Street, Suite 800, Reno, NV, USA, 89501

Website

https://www.modiv.com

Modiv Industrial Inc Formerly Modiv Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The Company has invested in single-tenant income-producing properties. All of the company's consolidated revenues are derived from company's consolidated real estate properties.

Executives

Aaron Scott Halfacre	officer: CEO	2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211
Nolan Thomas H Jr	director	14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
Kimberly J Smith	director	2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016
Raymond J Pacini	officer: CFO	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Adam Scott Markman	director	TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Tirondola Connie	director	14 DAYDREAM LN, ANDOVER NJ 07821
Asma Ishaq	director	120 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Curtis B Mcwilliams	director	450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Group Of Trophy, Llc	10 percent owner	21140 S. AVALON BLVD, CARSON CA 90745
Joe F Hanauer	director	361 FOREST AVE, LAGUNA BEACH CA 92651
Sandra G Sciutto	officer: CAO	6 EXECUTIVE CIRCLE, SUITE 250, IRVINE CA 92614
David Perduk	officer: CIO	PO BOX 1705, LAGUNA BEACH CA 92652
John Harold Davis	officer: CFO	3090 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626
Jeffrey Randolph	other: Trust Manager	3080 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626
John C Wang	director