ARMOUR Residential REIT (LTS:0HHU) Change In Receivables : $3.86 Mil (TTM As of Mar. 2024)

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What is ARMOUR Residential REIT Change In Receivables?

ARMOUR Residential REIT's change in receivables for the quarter that ended in Mar. 2024 was $0.91 Mil. It means ARMOUR Residential REIT's Accounts Receivable declined by $0.91 Mil from Dec. 2023 to Mar. 2024 .

ARMOUR Residential REIT's change in receivables for the fiscal year that ended in Dec. 2023 was $-18.47 Mil. It means ARMOUR Residential REIT's Accounts Receivable increased by $18.47 Mil from Dec. 2022 to Dec. 2023 .

ARMOUR Residential REIT's Accounts Receivable for the quarter that ended in Mar. 2024 was $82.16 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. ARMOUR Residential REIT's Days Sales Outstanding for the three months ended in Mar. 2024 was 298.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ARMOUR Residential REIT's liquidation value for the three months ended in Mar. 2024 was $-10,678.27 Mil.

ARMOUR Residential REIT Change In Receivables Historical Data

The historical data trend for ARMOUR Residential 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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ARMOUR Residential REIT Change In Receivables Chart

ARMOUR Residential REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-12.44

21.83

2.26

-17.73

-18.47

ARMOUR Residential REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-21.42	5.20	-9.91	7.66	0.91

ARMOUR Residential 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.86 Mil.

ARMOUR Residential REIT (LTS:0HHU) 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.

ARMOUR Residential REIT's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	82.157	/	25.149	*	91
=	298.10

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

ARMOUR Residential REIT's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	221.297	-	10961.185	+	0.75 * 82.157	+	0.5 * 0
=	-10,678.27

ARMOUR Residential REIT Change In Receivables Related Terms

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ARMOUR Residential REIT (LTS:0HHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ARMOUR Residential REIT Inc (LTS:0HHU) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

3001 Ocean Drive, Suite 201, Vero Beach, FL, USA, 32963

Website

http://www.armourreit.com

ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.

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