Thermon Group Holdings (Thermon Group Holdings) Change In Receivables : $-12.3 Mil (TTM As of Dec. 2023)

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What is Thermon Group Holdings Change In Receivables?

Thermon Group Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-8.1 Mil. It means Thermon Group Holdings's Accounts Receivable increased by $8.1 Mil from Sep. 2023 to Dec. 2023 .

Thermon Group Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was $1.1 Mil. It means Thermon Group Holdings's Accounts Receivable declined by $1.1 Mil from Mar. 2022 to Mar. 2023 .

Thermon Group Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $120.6 Mil.

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 Receivable are being managed. Thermon Group Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 80.68.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thermon Group Holdings's liquidation value for the three months ended in Dec. 2023 was $-143.6 Mil.

Thermon Group Holdings Change In Receivables Historical Data

The historical data trend for Thermon Group Holdings's Change In Receivables 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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Thermon Group Holdings Change In Receivables Chart

Thermon Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-26.53

21.67

20.24

-25.03

1.14

Thermon Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															9.72	-0.01	7.04	-11.20	-8.15

Thermon Group Holdings Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.3 Mil.

Thermon Group Holdings (NYSE:THR) Change In Receivables 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 Receivable are being managed.

Thermon Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	120.624	/	136.427	*	91
=	80.68

2. In Ben Graham's calculation of liquidation value, Thermon Group Holdings's accounts receivable are only considered to be worth 75% of book value:

Thermon Group Holdings's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	55.396	-	337.663	+	0.75 * 120.624	+	0.5 * 96.299
=	-143.6

Thermon Group Holdings Change In Receivables Related Terms

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Thermon Group Holdings (Thermon Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermon Group Holdings Inc (NYSE:THR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

8TG:Germany

Address

7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, USA, 78735

Website

https://www.thermon.com

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.

Executives

Kevin J Mcginty	director	6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206
Nesser John T Iii	director	777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Kevin Fox	officer: VP - Corporate Development	7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735
Candace Harris-peterson	officer: VP, Human Resources	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Angela Strzelecki	director	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Bruce Thames	officer: Executive VP and COO	100 THERMON DRIVE, SAN MARCOS TX 78666
Kuahara Roberto	officer: SVP, Operations	7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735
Van Der Salm Johannes Rene	officer: SVP-Global Operations	100 THERMON DRIVE, SAN MARCOS TX 78666
Michael W Press	director	P O BOX 327, GATES MILLS OH 44040
James Pribble	officer: SVP, Thermon Heating Systems	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Roger L Fix	director
Tarkington Ryan	officer: General Counsel & Corp. Sec.	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
David Buntin	officer: SVP, Thermon Heat Tracing	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Mark John Roberts	officer: SVP, Global Engineering	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735