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Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Accounts Receivable : $0.00 Mil (As of Jun. 2023)


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What is Twin Ridge Capital Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Twin Ridge Capital Acquisition's accounts receivables for the quarter that ended in Jun. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Twin Ridge Capital Acquisition's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.62.


Twin Ridge Capital Acquisition Accounts Receivable Historical Data

The historical data trend for Twin Ridge Capital Acquisition'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.

* Premium members only.

Twin Ridge Capital Acquisition Accounts Receivable Chart

Twin Ridge Capital Acquisition Annual Data
Trend Dec21 Dec22
Accounts Receivable
- -

Twin Ridge Capital Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Twin Ridge Capital Acquisition Accounts Receivable Calculation

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


Twin Ridge Capital Acquisition 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.

Twin Ridge Capital Acquisition's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

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

Twin Ridge Capital Acquisition'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)
=(0.13+0.75 * 0+0.5 * 0-7.315
-0-0)/11.5939
=-0.62

* 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.


Twin Ridge Capital Acquisition Accounts Receivable Related Terms

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Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
999 Vanderbilt Beach Road, Suite 200, Naples, FL, USA, 34108
Twin Ridge Capital Acquisition Corp is a blank check company.
Executives
Gary H Pilnick director
Dale F Morrison director, 10 percent owner 152 W 57TH ST, NEW YORK NY 10019
Twin Ridge Capital Sponsor, Llc director, 10 percent owner 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Alison Sarah Burns director C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Sanjay Krishnakumar Morey director, 10 percent owner, officer: Co-CEO and President C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Russell William Peter Jr director, 10 percent owner, officer: Co-CEO and CFO C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Paul Henrys director C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025

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