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LuxUrban Hotels (LuxUrban Hotels) Accounts Receivable : $0.3 Mil (As of Dec. 2023)


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What is LuxUrban Hotels Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LuxUrban Hotels's accounts receivables for the quarter that ended in Dec. 2023 was $0.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LuxUrban Hotels's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LuxUrban Hotels's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-7.39.


LuxUrban Hotels Accounts Receivable Historical Data

The historical data trend for LuxUrban Hotels'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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LuxUrban Hotels Accounts Receivable Chart

LuxUrban Hotels Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- - - - 0.33

LuxUrban Hotels Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.33

LuxUrban Hotels Accounts Receivable Calculation

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


LuxUrban Hotels 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.

LuxUrban Hotels's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.33/27.513*91
=1.09

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

LuxUrban Hotels'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)
=(0.753+0.75 * 0.33+0.5 * 0-292.567
-0-0)/39.4624
=-7.39

* 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.


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.


LuxUrban Hotels Accounts Receivable Related Terms

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LuxUrban Hotels (LuxUrban Hotels) Business Description

Traded in Other Exchanges
N/A
Address
2125 Biscayne Boulevard, Suite 253, Miami, FL, USA, 33137
LuxUrban Hotels Inc utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in metropolitan cities. It identifies, acquires, manages, and markets hotel rooms to business and vacation travelers under the consumer brand, LuxUrban. It manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles.
Executives
Brian Ferdinand director, officer: Chief Executive Officer 224 MUTTONTOWN EASTWOODS ROAD, MUTTONTOWN NY 11791
Leonard Toboroff director 39 N MOORE ST, STE 6B, NEW YORK NY 10013
Kevin Michael Potts officer: Chief Revenue Officer 2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Donald Engel director 570 PARK AVE, NEW YORK NY 10065
Shanoop Kothari officer: Chief Financial Officer 2865 SCOTT STREET, SUITE 107, VISTA CA 92081
Aimee Nelson director 2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jeffrey Webb director 6589 GREEN SHADOWS, STE 6B, MEMPHIS TN 38119
David Gurfein officer: President & COO 2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Karl Rothman officer: Chief Accounting Officer 2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jimmie Chatmon director, officer: Executive Vice President 2125 BISCAYNE BLVD, MIAMI FL 33137
Kevin Mikolashek officer: Chief Compliance Officer 2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
David Edward Berg director 2125 BISCAYNE BLVD., SUITE 253, MIAMI FL 33137