Techtronic Industries Co (Techtronic Industries Co) Accounts Receivable : $1,706 Mil (As of Dec. 2023)

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What is Techtronic Industries Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Techtronic Industries Co's accounts receivables for the quarter that ended in Dec. 2023 was $1,706 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Techtronic Industries Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Techtronic Industries Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.28.

Techtronic Industries Co Accounts Receivable Historical Data

The historical data trend for Techtronic Industries Co'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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Techtronic Industries Co Accounts Receivable Chart

Techtronic Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,167.60

1,311.30

1,906.75

1,506.29

1,706.41

Techtronic Industries Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1,906.75	2,074.64	1,506.29	1,957.12	1,706.41

Techtronic Industries Co Accounts Receivable Calculation

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

Techtronic Industries Co 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.

Techtronic Industries Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1706.406	/	6851.947	*	91
=	45.45

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

Techtronic Industries Co'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)
=	(979.354	+	0.75 * 1706.406	+	0.5 * 4098.161	-	6654.433
-	0	-	0)	/	1834.32
=	-1.28

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.

Techtronic Industries Co Accounts Receivable Related Terms

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Techtronic Industries Co (Techtronic Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techtronic Industries Co Ltd (OTCPK:TTNDF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TTNDY:USA 00669:Hong Kong TIB1:Germany TIB1:Germany

Address

51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.ttigroup.com

Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.