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Thinc Collective AB (XSAT:THINC) Accounts Receivable : kr46.7 Mil (As of Dec. 2023)


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What is Thinc Collective AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thinc Collective AB's accounts receivables for the quarter that ended in Dec. 2023 was kr46.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thinc Collective AB's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thinc Collective AB's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-2.74.


Thinc Collective AB Accounts Receivable Historical Data

The historical data trend for Thinc Collective AB'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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Thinc Collective AB Accounts Receivable Chart

Thinc Collective AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 0.18 14.86 41.09 44.26 46.73

Thinc Collective AB Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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 33.04 44.26 40.66 53.18 46.73

Thinc Collective AB Accounts Receivable Calculation

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


Thinc Collective AB 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=46.728/93.951*91
=45.38

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

Thinc Collective AB'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)
=(17.531+0.75 * 46.728+0.5 * 0.144-81.041
-0-16.303)/16.3348
=-2.74

* 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.


Thinc Collective AB Accounts Receivable Related Terms

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Thinc Collective AB (XSAT:THINC) Business Description

Traded in Other Exchanges
N/A
Address
Södra Hamngatan 35, Gothenburg, SWE, 411 10
Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

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