Angel Oak Mortgage REIT (Angel Oak Mortgage REIT) Accounts Receivable : $10.59 Mil (As of Mar. 2024)

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What is Angel Oak Mortgage REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Angel Oak Mortgage REIT's accounts receivables for the quarter that ended in Mar. 2024 was $10.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Angel Oak Mortgage REIT's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 54.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Angel Oak Mortgage REIT's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-77.76.

Angel Oak Mortgage REIT Accounts Receivable Historical Data

The historical data trend for Angel Oak Mortgage REIT'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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Angel Oak Mortgage REIT Accounts Receivable Chart

Angel Oak Mortgage REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3.09

5.06

25.98

17.50

7.50

Angel Oak Mortgage REIT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial													13.65	9.84	4.69	7.50	10.59

Angel Oak Mortgage REIT Accounts Receivable Calculation

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

Angel Oak Mortgage REIT 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.

Angel Oak Mortgage 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
=	10.591	/	17.841	*	91
=	54.17

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Angel Oak Mortgage REIT's accounts receivable are only considered to be worth 75% of book value:

Angel Oak Mortgage REIT's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(39.421	+	0.75 * 10.591	+	0.5 * 0	-	1988.631
-	0	-	0)	/	24.9653
=	-77.76

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.

Angel Oak Mortgage REIT Accounts Receivable Related Terms

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Angel Oak Mortgage REIT (Angel Oak Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Angel Oak Mortgage REIT Inc (NYSE:AOMR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

57V:Germany

Address

3344 Peachtree Road Northeast, Suite 1725, Atlanta, GA, USA, 30326

Website

https://www.angeloakms.com

Angel Oak Mortgage REIT Inc is a real estate finance company focused on acquiring and investing in the first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Its objective is to generate attractive risk-adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rates and credit cycles.

Executives

Brandon Filson	officer: CFO & Treasurer	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Noelle Savarese	director	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Jonathan Morgan	director	15 BEACH DRIVE, DARIEN CT 06820
Sreeniwas Prabhu	officer: CEO & President	ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Davidson Kempner Capital Management Lp	10 percent owner	520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
W D Minami	director	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Christine Jurinich	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Nancy R Davis	director	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Xylem Finance Llc	10 percent owner	520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Nhtv Atlanta Holdings Lp	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Ms Tactical Value Fund Gp Inc.	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Ms Tactical Value Fund Gp Lp	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Project Atlanta Gp Llc	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Landon Parsons	director	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Edward Mclean Cummings	director, 10 percent owner	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326