THG (THGPF) Accounts Receivable : $138 Mil (As of Dec. 2023)

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What is THG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. THG's accounts receivables for the quarter that ended in Dec. 2023 was $138 Mil.

Accounts receivable can be measured by Days Sales Outstanding. THG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 18.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. THG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.08.

THG Accounts Receivable Historical Data

The historical data trend for THG'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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THG Accounts Receivable Chart

THG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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63.73

100.40

155.98

145.33

137.79

THG Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							155.98	329.44	145.33	337.52	137.79

THG Accounts Receivable Calculation

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

THG 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.

THG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	137.792	/	1362.175	*	91
=	18.46

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

THG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(526.787	+	0.75 * 137.792	+	0.5 * 376.13	-	2226.485
-	0	-	0)	/	1299.71
=	-1.08

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.

THG Accounts Receivable Related Terms

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THG (THGPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » THG PLC (OTCPK:THGPF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

THGl:UK THG:UK

Address

Icon 1, Sunbank Lane, Ringway, Altrincham, GBR, WA15 0AF

Website

https://www.thg.com

THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom.

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