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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Travere Therapeutics's accounts receivables for the quarter that ended in Dec. 2023 was $21.2 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Travere Therapeutics's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.89.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Travere Therapeutics's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.01.
The historical data trend for Travere Therapeutics'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Travere Therapeutics's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 21.179 | / | 45.059 | * | 91 |
= | 42.89 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Travere Therapeutics's accounts receivable are only considered to be worth 75% of book value:
Travere Therapeutics'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) | ||
= | (566.851 | + | 0.75 * 21.179 | + | 0.5 * 9.41 | - | 588.103 |
- | 0 | - | 0) | / | 75.3671 | ||
= | -0.01 |
* 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.
Thank you for viewing the detailed overview of Travere Therapeutics's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Jula Inrig | officer: Chief Medical Officer | C/O TRAVERE THERAPEUTICS, INC., 3611 VALLEY CENTRE DRIVE, SUITE 300, SAN DIEGO CA 92130 |
Peter Heerma | officer: Chief Commercial Officer | C/O TRAVERE THERAPEUTICS, INC., 3611 VALLEY CENTRE DRIVE, SUITE 300, SAN DIEGO CA 92130 |
William E. Rote | officer: Senior Vice President, R&D | C/O RETROPHIN, INC., 3721 VALLEY CENTRE DRIVE, SUITE 200, SAN DIEGO CA 92130 |
Christopher R. Cline | officer: Chief Financial Officer | C/O TRAVERE THERAPEUTICS, INC., 3611 VALLEY CENTRE DRIVE, STE 300, SAN DIEGO CA 92130 |
Eric M Dube | director, officer: Chief Executive Officer | 3721 VALLEY CENTRE DRIVE, SUITE 200, SAN DIEGO CA 92130 |
Elizabeth E Reed | officer: SVP, GC & Corporate Secretary | 9050 CAMINO SANTA FE, SAN DIEGO CA 92121 |
Sandra Calvin | officer: VP, Corp Controller and CAO | 3611 VALLEY CENTER DRIVE, SUITE 300, SAN DIEGO CA 92130 |
Laura Clague | officer: Chief Financial Officer | 370 PARK RANCH PLACE, ESCONDIDO CA 92025 |
Steve Aselage | director | 6300 DUMBARTON CIRCLE, FREMONT CA 94555 |
Brinkley Ruth Williams | director | C/O TRAVERE THERAPEUTICS, INC., 3611 VALLEY CENTRE DRIVE, SUITE 300, SAN DIEGO CA 92130 |
Noah L. Rosenberg | officer: Chief Medical Officer | C/O ESPERION THERAPEUTICS, INC., 46701 COMMERCE CENTER DRIVE, PLYMOUTH MI 48170 |
Suzanne Louise Bruhn | director | C/O AEGLEA BIOTHERAPEUTICS, INC., 901 S. MOPAC EXPRESSWAY, SUITE 250, AUSTIN TX 78746 |
Neil F. Mcfarlane | officer: Chief Operating Officer | C/O RETROPHIN, INC., 12255 EL CAMINO REAL, SUITE 250, SAN DIEGO CA 92130 |
Sandra Poole | director | 830 WINTER STREET, WALTHAM MA 02451 |
Ron Squarer | director | C/O ADC THERAPEUTICS SA, BIOPOLE, ROUTE DE LA CORNICHE 3B, EPALINGES V8 1066 |
From GuruFocus
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