Global Medical REIT (Global Medical REIT) Change In Receivables : $-1.2 Mil (TTM As of Mar. 2024)

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What is Global Medical REIT Change In Receivables?

Global Medical REIT's change in receivables for the quarter that ended in Mar. 2024 was $-1.0 Mil. It means Global Medical REIT's Accounts Receivable increased by $1.0 Mil from Dec. 2023 to Mar. 2024 .

Global Medical REIT's change in receivables for the fiscal year that ended in Dec. 2023 was $0.4 Mil. It means Global Medical REIT's Accounts Receivable declined by $0.4 Mil from Dec. 2022 to Dec. 2023 .

Global Medical REIT's Accounts Receivable for the quarter that ended in Mar. 2024 was $7.7 Mil.

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 Receivable are being managed. Global Medical REIT's Days Sales Outstanding for the three months ended in Mar. 2024 was 20.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Global Medical REIT's liquidation value for the three months ended in Mar. 2024 was $-659.3 Mil.

Global Medical REIT Change In Receivables Historical Data

The historical data trend for Global Medical REIT's Change In Receivables 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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Global Medical REIT Change In Receivables Chart

Global Medical REIT Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.14

-1.60

-0.66

-2.97

0.43

Global Medical REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.64	0.02	-0.15	-0.09	-0.98

Global Medical REIT Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.2 Mil.

Global Medical REIT (NYSE:GMRE) Change In Receivables 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 Receivable are being managed.

Global Medical 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
=	7.743	/	35.069	*	91
=	20.15

2. In Ben Graham's calculation of liquidation value, Global Medical REIT's accounts receivable are only considered to be worth 75% of book value:

Global Medical REIT's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.333	-	666.482	+	0.75 * 7.743	+	0.5 * 0
=	-659.3

Global Medical REIT Change In Receivables Related Terms

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Global Medical REIT (Global Medical REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Medical REIT Inc (NYSE:GMRE) » Definitions » Change In Receivables

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Traded in Other Exchanges

GMREpA.PFD:USA 3UN:Germany 3UN:Germany

Address

7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814

Website

https://www.globalmedicalreit.com

Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.

Executives

Moore Roscoe M Jr	director	C/O HEMOBIOTECH, INC., 5001 SPRING VALLEY ROAD, SUITE 1040 WEST, DALLAS TX 75244
Henry Cole	director	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Jeffrey Busch	director, officer: Chairman, President and CEO	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Lori Wittman	director	191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Matthew Cypher	director	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Paula Crowley	director	2 BETHESDA METRO CENTER, SUITE 440, BETHESDA MD 20814
Ronald Marston	director	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Robert J Kiernan	officer: Chief Financial Officer	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Alfonzo Leon	officer: Chief Investment Officer	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Danica Holley	officer: Chief Operating Officer	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Jamie Allen Barber	officer: Secretary and General Counsel	7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Allen Webb	officer: SVP	4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Huiqi Zhang	director, 10 percent owner	40-44 WYNDHAM STREET, 24/F WYNDHAM PLACE, HONG KONG K3 00000
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