Spear REIT (JSE:SEA) Change In Receivables : R-5.0 Mil (TTM As of Feb. 2024)

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What is Spear REIT Change In Receivables?

Spear REIT's change in receivables for the quarter that ended in Feb. 2024 was R-5.3 Mil. It means Spear REIT's Accounts Receivable increased by R5.3 Mil from Aug. 2023 to Feb. 2024 .

Spear REIT's change in receivables for the fiscal year that ended in Feb. 2024 was R-5.0 Mil. It means Spear REIT's Accounts Receivable increased by R5.0 Mil from Feb. 2023 to Feb. 2024 .

Spear REIT's Accounts Receivable for the quarter that ended in Feb. 2024 was R21.3 Mil.

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 Receivable are being managed. Spear REIT's Days Sales Outstanding for the six months ended in Feb. 2024 was 12.07.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Spear REIT's liquidation value for the six months ended in Feb. 2024 was R-1,333.9 Mil.

Spear REIT Change In Receivables Historical Data

The historical data trend for Spear REIT's Change In Receivables 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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Spear REIT Change In Receivables Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Change In Receivables

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-3.10

-6.29

3.98

-2.36

-5.04

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Change In Receivables	Get a 7-Day Free Trial										5.46	-3.72	1.35	0.23	-5.27

Spear REIT Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-5.0 Mil.

Spear REIT (JSE:SEA) Change In Receivables 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 Receivable are being managed.

Spear REIT's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21.312	/	322.194	*	91
=	12.07

2. In Ben Graham's calculation of liquidation value, Spear REIT's accounts receivable are only considered to be worth 75% of book value:

Spear REIT's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	25.871	-	1597.265	+	0.75 * 21.312	+	0.5 * 443
=	-1,333.9

Spear REIT Change In Receivables Related Terms

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Spear REIT (JSE:SEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Change In Receivables

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Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

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