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Tier One Capital LP (XCNQ:TLP.UN) Accounts Receivable : C$0.02 Mil (As of Mar. 2024)


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What is Tier One Capital LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tier One Capital LP's accounts receivables for the quarter that ended in Mar. 2024 was C$0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tier One Capital LP's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tier One Capital LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.09.


Tier One Capital LP Accounts Receivable Historical Data

The historical data trend for Tier One Capital LP'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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Tier One Capital LP Accounts Receivable Chart

Tier One Capital LP Annual Data
Trend Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.02 - 0.02 0.08

Tier One Capital LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.02 0.04 0.03 0.08 0.02

Tier One Capital LP Accounts Receivable Calculation

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


Tier One Capital LP 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.

Tier One Capital LP's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.021/0.614*91
=3.12

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

Tier One Capital LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.687+0.75 * 0.021+0.5 * 0-0.265
-0-0)/4.69192
=0.09

* 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.


Tier One Capital LP Accounts Receivable Related Terms

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Tier One Capital LP (XCNQ:TLP.UN) Business Description

Traded in Other Exchanges
N/A
Address
56 The Esplanade, Suite 503, Toronto, ON, CAN, M5E 1A7
Tier One Capital LP invests in the debt securities of eligible businesses which have the potential for long-term growth. It invests in different sectors such as Media Technology, Health Care Information Technology, Security Software and Services, Other Technology and Financial, and Energy.

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