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Tetra Technologies (Tetra Technologies) Accounts Receivable : $111.8 Mil (As of Dec. 2023)


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What is Tetra Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tetra Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $111.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tetra Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 66.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tetra Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.12.


Tetra Technologies Accounts Receivable Historical Data

The historical data trend for Tetra 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.

* Premium members only.

Tetra Technologies Accounts Receivable Chart

Tetra Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.19 64.08 91.20 129.63 111.80

Tetra Technologies 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 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 129.63 117.60 130.39 122.90 111.80

Tetra Technologies Accounts Receivable Calculation

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


Tetra Technologies 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=111.798/153.126*91
=66.62

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

Tetra Technologies'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)
=(52.485+0.75 * 111.798+0.5 * 96.536-331.627
-0--1.257)/130.079
=-1.12

* 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.


Tetra Technologies Accounts Receivable Related Terms

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Tetra Technologies (Tetra Technologies) Business Description

Traded in Other Exchanges
Address
24955 Interstate 45 North, The Woodlands, TX, USA, 77380
Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.
Executives
Bates Thomas R Jr director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Christian A Garcia director 3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Roy Mcniven officer: Sr. Vice President 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Matthew Sanderson officer: Sr. Vice President 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Timothy C Moeller officer: VP & Chief Procurement Officer 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Brady M Murphy officer: President & COO 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano officer: Sr. Vice President & CFO 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
William D Sullivan director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mcgee Sharon D. Booth director 24955 I-45 NORTH, THE WOODLANDS TX 77380
Richard D O'brien officer: VP-Finance & Global Controller 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Boston Shoemake Alicia R officer: General Counsel 24955 I-45 NORTH, THE WOODLANDS TX 77380
Shawn D. Williams director 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gina Luna director 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Wallace Bass C Jr officer: General Counsel & Secretary 24955 INTERSTATE 45 N, THE WOODLANDS X1 77380
Mark E Baldwin director TETRA TECHNOLOGIES, INC., 24955 I 45 N, THE WOODLANDS TX 77380