Frasers Hospitality Trust (SGX:ACV) Accounts Receivable : S$18.2 Mil (As of Mar. 2024)

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What is Frasers Hospitality Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Frasers Hospitality Trust's accounts receivables for the quarter that ended in Mar. 2024 was S$18.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Frasers Hospitality Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 52.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Frasers Hospitality Trust's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was S$-0.38.

Frasers Hospitality Trust Accounts Receivable Historical Data

The historical data trend for Frasers Hospitality Trust'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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Frasers Hospitality Trust Accounts Receivable Chart

Frasers Hospitality Trust Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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6.09

0.52

2.81

5.11

6.20

Frasers Hospitality Trust Semi-Annual Data
	Dec14	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial													5.20	5.11	12.81	6.20	18.24

Frasers Hospitality Trust Accounts Receivable Calculation

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

Frasers Hospitality Trust 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.

Frasers Hospitality Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.243	/	63.286	*	91
=	52.61

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

Frasers Hospitality Trust'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)
=	(102.53	+	0.75 * 18.243	+	0.5 * 0.029	-	852.199
-	0	-	0)	/	1926.07
=	-0.38

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.

Frasers Hospitality Trust Accounts Receivable Related Terms

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Frasers Hospitality Trust (SGX:ACV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Frasers Hospitality Trust (SGX:ACV) » Definitions » Accounts Receivable

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N/A

Address

438 Alexandra Road, No.21-00, Alexandra Point, Singapore, SGP, 119958

Website

https://www.frasershospitalitytrust.com

Frasers Hospitality Trust, or FHT, is a global hotel and serviced residence trust that invests in income-producing real estate and real estate-related assets used mainly for hospitality purposes. Its hotels are luxury, upscale, and midscale properties. FHT's investment properties are across Singapore, Australia, Malaysia, Germany, Japan, and the United Kingdom, in cities such as Singapore, Kuala Lumpur, Kobe, Sydney, London, Edinburgh, and Glasgow. Frasers derives the majority of its revenue from its assets in Singapore and Australia. International hotel chains, such as Accor, and InterContinental manage the company's portfolio; as well as Frasers Hospitality, which is a serviced residence operator. The company business segment consist of master leases and hotel under management contract.