Tesco (TSCDY) Accounts Receivable : $1,703 Mil (As of Feb. 2024)

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What is Tesco Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tesco's accounts receivables for the quarter that ended in Feb. 2024 was $1,703 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tesco's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 7.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tesco's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-15.42.

Tesco Accounts Receivable Historical Data

The historical data trend for Tesco'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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Tesco Accounts Receivable Chart

Tesco Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Accounts Receivable

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1,808.29

1,751.73

1,709.07

1,588.16

1,703.28

Tesco Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															1,709.07	1,635.93	1,588.16	1,630.24	1,703.28

Tesco Accounts Receivable Calculation

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

Tesco 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.

Tesco's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1703.283	/	42977.273	*	91
=	7.23

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

Tesco's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(5901.515	+	0.75 * 1703.283	+	0.5 * 3327.02	-	44664.141
-	0	-	-7.576)	/	2322.98
=	-15.42

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.

Tesco Accounts Receivable Related Terms

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Tesco (TSCDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tesco PLC (OTCPK:TSCDY) » Definitions » Accounts Receivable

Comparable Companies

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TSCDF:USA TSCOl:UK TSCO:UK TCO0:Germany TCO0:Germany TCO0:Germany TCO0:Germany

Address

Kestrel Way, Tesco House, Shire Park, Welwyn Garden, GBR, AL7 1GA

Website

https://www.tescoplc.com

Tesco is one of the largest food retailers in the world, operating thousands of stores in the United Kingdom, Ireland, and Europe. According to Kantar, Tesco is the market leader in the U.K. with a share of more than 27%, roughly double that of Asda or Sainsbury's. Tesco operates a core supermarket business in addition to convenience and neighborhood outlets. With a 35% digital market share in the U.K., the company holds a dominant position online. Tesco gained exposure to the cash-and-carry and out-of-home delivering industries with the landmark GBP 4 billion acquisition of Booker in 2018.