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Frasers Commercial Trust (SGX:UP8) Accounts Receivable : S$7.39 Mil (As of Dec. 2019)


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What is Frasers Commercial Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Frasers Commercial Trust's accounts receivables for the quarter that ended in Dec. 2019 was S$7.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Frasers Commercial Trust's Days Sales Outstanding for the quarter that ended in Dec. 2019 was 17.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Frasers Commercial Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was S$-1.14.


Frasers Commercial Trust Accounts Receivable Historical Data

The historical data trend for Frasers Commercial 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.

* Premium members only.

Frasers Commercial Trust Accounts Receivable Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.13 0.96 1.51 1.30

Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 4.63 4.37 4.02 1.30 7.39

Frasers Commercial Trust Accounts Receivable Calculation

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


Frasers Commercial 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.

Frasers Commercial Trust's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7.394/37.779*91
=17.86

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

Frasers Commercial Trust's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 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)
=(16.258+0.75 * 7.394+0.5 * 0-790.311
-0-0)/674.63
=-1.14

* 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.


Frasers Commercial Trust Accounts Receivable Related Terms

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Frasers Commercial Trust (SGX:UP8) Business Description

Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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