Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Accounts Receivable : C$17 Mil (As of Dec. 2023)

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What is Canadian Apartment Properties Real Estate Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canadian Apartment Properties Real Estate Investment Trust's accounts receivables for the quarter that ended in Dec. 2023 was C$17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canadian Apartment Properties Real Estate Investment Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-45.58.

Canadian Apartment Properties Real Estate Investment Trust Accounts Receivable Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment 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.

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Canadian Apartment Properties Real Estate Investment Trust Accounts Receivable Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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15.91

16.53

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															15.91	20.34	18.26	16.17	16.53

Canadian Apartment Properties Real Estate Investment Trust Accounts Receivable Calculation

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

Canadian Apartment Properties Real Estate Investment 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.

Canadian Apartment Properties Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.526	/	272.195	*	91
=	5.54

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Canadian Apartment Properties Real Estate Investment Trust's accounts receivable are only considered to be worth 75% of book value:

Canadian Apartment Properties Real Estate Investment Trust'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)
=	(35.215	+	0.75 * 16.526	+	0.5 * 6.376	-	7690.045
-	0	-	0)	/	167.614
=	-45.58

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.

Canadian Apartment Properties Real Estate Investment Trust Accounts Receivable Related Terms

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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CDPYF:USA CARUN:Mexico

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.capreit.ca

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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