Japan Prime Realty Investment (TSE:8955) Accounts Receivable : 円718 Mil (As of Dec. 2023)

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What is Japan Prime Realty Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Japan Prime Realty Investment's accounts receivables for the quarter that ended in Dec. 2023 was 円718 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Japan Prime Realty Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Japan Prime Realty Investment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-209,325.48.

Japan Prime Realty Investment Accounts Receivable Historical Data

The historical data trend for Japan Prime Realty Investment'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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Japan Prime Realty Investment Accounts Receivable Chart

Japan Prime Realty Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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246.51

271.57

315.03

583.49

718.30

Japan Prime Realty Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															315.03	492.99	583.49	585.13	718.30

Japan Prime Realty Investment Accounts Receivable Calculation

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

Japan Prime Realty Investment 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.

Japan Prime Realty Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	718.302	/	17411.577	*	91
=	7.53

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

Japan Prime Realty Investment's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(27775.89	+	0.75 * 718.302	+	0.5 * 0	-	237049.798
-	0	-	0)	/	0.99718
=	-209,325.48

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.

Japan Prime Realty Investment Accounts Receivable Related Terms

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Japan Prime Realty Investment (TSE:8955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Prime Realty Investment Corp (TSE:8955) » Definitions » Accounts Receivable

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58JA:Germany

Address

4-16 Yaesu, 1-Chome, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.jpr-reit.co.jp

Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust primarily involved in the ownership of properties in the Greater Tokyo region. Most of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.

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