MHPC (Manufactured Housing Properties) Accounts Receivable: $0.34 Mil (As of Sep. 2023)

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MHPC Manufactured Housing Properties Inc MHPC
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What is Manufactured Housing Properties Accounts Receivable?

Manufactured Housing Properties MHPC 12 Accounts Receivable is $0.34 Mil as of Sep. 2023. GuruFocus rates MHPC with a GF Score™ of 12/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Manufactured Housing Properties's accounts receivables for the quarter that ended in Sep. 2023 was $0.34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Manufactured Housing Properties's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 6.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Manufactured Housing Properties's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-11.30.

Manufactured Housing Properties 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.

Manufactured Housing Properties's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.343/4.702*91
=6.66

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

Manufactured Housing Properties's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(1.967+0.75 * 0.343+0.5 * 0-145.939
-0--2.526)/12.493
=-11.30

* 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.

Manufactured Housing Properties Accounts Receivable Related Terms

Manufactured Housing Properties Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Manufactured Housing Properties'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.

Manufactured Housing Properties Accounts Receivable Chart

Manufactured Housing Properties Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.04 0.05 0.18 0.37

Manufactured Housing Properties Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.35 0.37 0.23 0.33 0.34
MHPC
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Manufactured Housing Properties Inc MHPC
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Manufactured Housing Properties Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.34 Mil mean?
Manufactured Housing Properties (MHPC) has a Accounts Receivable of $0.34 Mil as of Sep. 2023. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Manufactured Housing Properties and its competitors.
Is Manufactured Housing Properties' Accounts Receivable too high?
Manufactured Housing Properties' current Accounts Receivable is $0.34 Mil. Overall, Manufactured Housing Properties has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Manufactured Housing Properties' Accounts Receivable compare to WEWKQ and GYRO?
Manufactured Housing Properties' Accounts Receivable of $0.34 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Real Estate company?
A good Accounts Receivable depends on the Real Estate industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Manufactured Housing Properties and its competitors. Manufactured Housing Properties's current Accounts Receivable is $0.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manufactured Housing Properties stock overvalued right now?
Manufactured Housing Properties (MHPC) has a current Accounts Receivable of $0.34 Mil. The current Accounts Receivable is $0.34 Mil. Manufactured Housing Properties' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Manufactured Housing Properties (MHPC), the current Accounts Receivable is $0.34 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Manufactured Housing Properties Business Description

Address 136 Main Street, Pineville, NC, USA, 28134
Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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