TravelCenters Of America (TravelCenters Of America) Accounts Receivable : $194 Mil (As of Mar. 2023)

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What is TravelCenters Of America Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TravelCenters Of America's accounts receivables for the quarter that ended in Mar. 2023 was $194 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TravelCenters Of America's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 7.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TravelCenters Of America's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-135.81.

TravelCenters Of America Accounts Receivable Historical Data

The historical data trend for TravelCenters Of America'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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TravelCenters Of America Accounts Receivable Chart

TravelCenters Of America Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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97.45

173.50

94.43

111.39

206.62

TravelCenters Of America Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial															201.81	225.82	219.38	206.62	194.47

TravelCenters Of America Accounts Receivable Calculation

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

TravelCenters Of America 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.

TravelCenters Of America's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	194.47	/	2239.018	*	91
=	7.93

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

TravelCenters Of America's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(385.903	+	0.75 * 194.47	+	0.5 * 252.455	-	2708.695
-	0	-	0)	/	15.1
=	-135.81

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.

TravelCenters Of America Accounts Receivable Related Terms

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TravelCenters Of America (TravelCenters Of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TravelCenters Of America Inc (NAS:TA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24601 Center Ridge Road, Suite 200, Westlake, OH, USA, 44145-5639

Website

https://www.ta-petro.com

TravelCenters Of America Inc is a United states based company which operates travel centers and standalone restaurants. It operated or franchised several travel centers, few standalone truck service facilities, and some standalone restaurants. The company's customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists and casual diners. It generates revenue from fuel operations, non-fuel operations, rents, royalties and other fees from tenants and franchisees.

Executives

Michael J. Barton	officer: SVP and CAO	C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Mark R Young	officer: EVP & General Counsel	C/O REIT MANAGEMENT AND RESEARCH LLC, 400 CENTRE STREET, NEWTON MA 02458
Barry A. Richards	officer: Executive Vice President	C/O REIT MANAGEMENT & RESEARCH LLC, 400 CENTRE STREET, NEWTON MA 02458
Peter J Crage	officer: Exec. VP, CFO and Treasurer	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Adam D. Portnoy	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Elena Poptodorova	director	TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Jonathan Pertchik	director, officer: Chief Executive Officer	C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Rajan Penkar	director	C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Barbara D Gilmore	director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Joseph Morea	director	C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458
Andrew J Rebholz	officer: EVP, CFO & Treasurer	C/O TRAVELCENTERS OF AMERICA LLC, 400 CENTRE STREET, NEWTON MA 02458
William Earnest Myers	officer: Chief Accounting Officer	C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON ST, NEWTON MA 02458
Rodney Paul Bresnahan	officer: Executive Vice President	C/O THE RMR GROUP LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458
Mcgary John T. Jr.	officer: Executive Vice President	24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Michael J Lombardi	officer: EVP of Sales	C/O TRAVELCENTERS OF AMERICA LLC, 400 CENTRE STREET, NEWTON MA 02458