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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Veris Residential's accounts receivables for the quarter that ended in Mar. 2024 was $1.7 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Veris Residential's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 2.26.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Veris Residential's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-20.93.
The historical data trend for Veris Residential'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.
Veris Residential Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 7.19 | 9.38 | 2.36 | 2.92 | 2.74 |
Veris Residential Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | 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 | 4.55 | 4.50 | 3.86 | 2.74 | 1.67 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Veris Residential's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 1.671 | / | 67.34 | * | 91 |
= | 2.26 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Veris Residential's accounts receivable are only considered to be worth 75% of book value:
Veris Residential'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) | ||
= | (112.701 | + | 0.75 * 1.671 | + | 0.5 * 66.975 | - | 1931.35 |
- | 0 | - | 149.279) | / | 92.3852 | ||
= | -20.93 |
* 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.
Thank you for viewing the detailed overview of Veris Residential's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
A. Akiva Katz | director | C/O MACK-CALI REALTY CORP, HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311 |
Stephanie L. Williams | director | C/O VERIS RESIDENTIAL, INC., 210 HUDSON STREET, SUITE 400, JERSEY CITY NJ 07311 |
Ronald Dickerman | director | 410 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Mahbod Nia | director | C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Taryn D. Fielder | officer: EVP, General Counsel & Sec. | 1775 EYE STREET, N.W., SUITE 1000, WASHINGTON DC 20006 |
Jeffrey Scott Turkanis | officer: EVP & Chief Investment Officer | 12 RICHARD ROAD, MARBLEHEAD MA 01945 |
Amanda Lombard | officer: Chief Accounting Officer | 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110 |
Anna Malhari | officer: EVP & Chief Operating Officer | HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311 |
Victor B Macfarlane | director | 151 EXECUTIVE PARK BLVD, BUILDING 2, SAN FRANCISCO CA 94134 |
Michael B Berman | director | C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606 |
Tammy Jones | director | MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024 |
Howard Steven Stern | director | 11601 WILSHIRE BLVD 4TH FLOOR, LOS ANGELES CA 90025 |
Deidre Crockett | officer: EVP, Chief Admin. Officer | HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311 |
Alan R Batkin | director | 399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Lisa Feinman Myers | director | HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311 |
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