HomeCo Daily Needs REIT (ASX:HDN) Accounts Receivable : A$6.1 Mil (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HomeCo Daily Needs REIT's accounts receivables for the quarter that ended in Dec. 2023 was A$6.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HomeCo Daily Needs REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HomeCo Daily Needs REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.82.

HomeCo Daily Needs REIT Accounts Receivable Historical Data

The historical data trend for HomeCo Daily Needs 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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HomeCo Daily Needs REIT Accounts Receivable Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Accounts Receivable

2.30

3.40

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	4.30	2.30	7.10	3.40	6.10

HomeCo Daily Needs REIT Accounts Receivable Calculation

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

HomeCo Daily Needs 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.

HomeCo Daily Needs REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.1	/	178.7	*	91
=	6.23

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

HomeCo Daily Needs REIT'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)
=	(14.6	+	0.75 * 6.1	+	0.5 * 0	-	1731.1
-	0	-	0)	/	2077.76
=	-0.82

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.

HomeCo Daily Needs REIT Accounts Receivable Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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