Liberty Two Degrees (JSE:L2D) Accounts Receivable : R239 Mil (As of Jun. 2023)

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What is Liberty Two Degrees Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Liberty Two Degrees's accounts receivables for the quarter that ended in Jun. 2023 was R239 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Liberty Two Degrees's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 81.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Liberty Two Degrees's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was R-2.31.

Liberty Two Degrees Accounts Receivable Historical Data

The historical data trend for Liberty Two Degrees'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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Liberty Two Degrees Accounts Receivable Chart

Liberty Two Degrees Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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191.74

158.10

181.94

158.71

113.66

Liberty Two Degrees Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial										223.22	158.71	172.61	113.66	239.19

Liberty Two Degrees Accounts Receivable Calculation

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

Liberty Two Degrees 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.

Liberty Two Degrees's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	239.193	/	538.391	*	91
=	81.08

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

Liberty Two Degrees's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(108.656	+	0.75 * 239.193	+	0.5 * 0	-	2289.197
-	0	-	0)	/	865.687
=	-2.31

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.

Liberty Two Degrees Accounts Receivable Related Terms

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Liberty Two Degrees Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Liberty Two Degrees Ltd (JSE:L2D) » Definitions » Accounts Receivable

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Address

Corner of Maude and 5th Street, 3rd Floor, West Office Block, Nelson Mandela Square, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.liberty2degrees.co.za

Liberty Two Degrees Ltd is a real estate investment trust (REIT). It is a portfolio established to afford investors growth in income and capital by investing at fair prices in a balanced spread of immovable properties and related assets. The firm operates in Retail, Office, Specialised, Hotels, and Administration segments. It is intended to give investors exposure to the Liberty Property Portfolio by allowing them to purchase units in the trust, which focuses on holding undivided shares in the Liberty Property Portfolio. The Liberty Property Portfolio is a retail property portfolio with interests in assets, such as the Sandton City Complex, the Eastgate Complex, and Melrose Arch. Firm's Majority revenue gets derived from the Retail segment.

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