Thomson Reuters (TSX:TRI) Accounts Receivable : C$1,407 Mil (As of Dec. 2023)

View and export this data going back to 1980. Start your Free Trial

What is Thomson Reuters Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thomson Reuters's accounts receivables for the quarter that ended in Dec. 2023 was C$1,407 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thomson Reuters's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 52.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thomson Reuters's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-16.79.

Thomson Reuters Accounts Receivable Historical Data

The historical data trend for Thomson Reuters'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.

* Premium members only.

Thomson Reuters Accounts Receivable Chart

Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

1,474.93

1,437.17

1,328.64

1,412.84

1,407.34

Thomson Reuters Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1,412.84	1,287.57	1,328.60	1,328.74	1,407.34

Thomson Reuters Accounts Receivable Calculation

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

Thomson Reuters 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.

Thomson Reuters's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1407.338	/	2435.004	*	91
=	52.74

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

Thomson Reuters'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)
=	(1695.782	+	0.75 * 1407.338	+	0.5 * 26.832	-	10222.992
-	147.576	-	0)	/	452.963
=	-16.79

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.

Thomson Reuters Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Thomson Reuters's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Thomson Reuters (TSX:TRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (TSX:TRI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TRI:USA TOC:Germany TRI.PR.B.PFD:Canada

Address

333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.