Veris Residential (FRA:WY4) Days Sales Outstanding : 2.98 (As of Mar. 2024)

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What is Veris Residential Days Sales Outstanding?

Veris Residential's average Accounts Receivable for the three months ended in Mar. 2024 was €2.0 Mil. Veris Residential's Revenue for the three months ended in Mar. 2024 was €62.0 Mil. Hence, Veris Residential's Days Sales Outstanding for the three months ended in Mar. 2024 was 2.98.

The historical rank and industry rank for Veris Residential's Days Sales Outstanding or its related term are showing as below:

FRA:WY4' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.69 Med: 6.02 Max: 11.01
Current: 4.51

During the past 13 years, Veris Residential's highest Days Sales Outstanding was 11.01. The lowest was 3.69. And the median was 6.02.

FRA:WY4's Days Sales Outstanding is ranked better than
88.6% of 614 companies
in the REITs industry
Industry Median: 24.33 vs FRA:WY4: 4.51

Veris Residential's Days Sales Outstanding declined from Mar. 2023 (5.47) to Mar. 2024 (2.98).

Veris Residential Days Sales Outstanding Historical Data

The historical data trend for Veris Residential's Days Sales Outstanding 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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Veris Residential Days Sales Outstanding Chart

Veris Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.36

10.04

10.38

4.01

3.75

Veris Residential Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															5.47	6.04	5.29	4.18	2.98

Competitive Comparison of Veris Residential's Days Sales Outstanding

For the REIT - Residential subindustry, Veris Residential's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Veris Residential's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Veris Residential's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Veris Residential's Days Sales Outstanding falls into.

Veris Residential Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Veris Residential's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2.756	+	2.514)	/	2 )	/	256.631	*	365
=	2.635					/	256.631	*	365
=	3.75

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

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (2.514	+	1.537)	/	2 )	/	61.953	*	365 / 4
=	2.0255					/	61.953	*	365 / 4
=	2.98

Veris Residential (FRA:WY4) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Veris Residential Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Veris Residential's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Veris Residential (FRA:WY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Veris Residential Inc (FRA:WY4) » Definitions » Days Sales Outstanding

Comparable Companies

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Traded in Other Exchanges

VRE:USA

Address

Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311

Website

https://www.verisresidential.com

Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.

Veris Residential (FRA:WY4) Headlines

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