Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tessco Technologies's accounts receivables for the quarter that ended in Mar. 2023 was $83.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Tessco Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 72.68.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tessco Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-6.46.
Tessco Technologies Accounts Receivable Historical Data
The historical data trend for Tessco Technologies'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.
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.
Tessco Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Tessco Technologies's accounts receivable are only considered to be worth 75% of book value:
Tessco Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is calculated as:
* 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.
Tessco Technologies Accounts Receivable Related Terms
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Tessco Technologies (Tessco Technologies) Business Description
Tessco Technologies Inc is a United States-based value-added technology distributor, manufacturer, and solutions provider. The company supplies wireless communications products for network infrastructure, site support, and fixed and mobile broadband networks. It offers products related to power systems, Wi-Fi Networks, Broadband, DAS((Distributed Antenna Systems) for In-Building Cellular and Public Safety Coverage, IoT (Internet of Things), Mobile Devices and Accessories, and others. The operating segments of the company are Carrier and Commercial, of which the majority of the revenue is derived from the Commercial segment.
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