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Trucept (Trucept) Accounts Receivable : $1.1 Mil (As of Dec. 2012)


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What is Trucept Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trucept's accounts receivables for the quarter that ended in Dec. 2012 was $1.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Trucept's Days Sales Outstanding for the quarter that ended in Dec. 2012 was 1.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Trucept's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was $-0.44.


Trucept Accounts Receivable Historical Data

The historical data trend for Trucept'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.

Trucept Accounts Receivable Chart

Trucept Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Dec11 Dec12
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 0.88 0.64 0.66 1.63 1.06

Trucept Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.63 1.75 1.31 1.34 1.06

Trucept Accounts Receivable Calculation

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


Trucept 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.

Trucept's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.061/89.68*91
=1.08

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

Trucept's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 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)
=(0.546+0.75 * 1.061+0.5 * 0-22.932
-0-0)/49.2121
=-0.44

* 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.


Trucept Accounts Receivable Related Terms

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Trucept (Trucept) Business Description

Traded in Other Exchanges
N/A
Address
600 La Terraza, Second Floor, Escondido, CA, USA, 92025
Trucept Inc provides business services including payroll and tax administration, human resources management, employee benefits, accounting support, safety, risk management, marketing, and technical assistance to help businesses grow. The company offers cost-effective management solutions in the area of human resources services to small and medium-sized businesses. Its services include payroll processing, human resources support, worker's compensation insurance, safety programs, and other administrative and aftermarket services related to staffing, staff leasing, temporary staffing, and co-employment.
Executives
Brian Bonar director, 10 percent owner, officer: President 17075 VIA DEL CAMPO, SAN DIEGO CA 92127

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