Trinet Group (Trinet Group) Change In Receivables

: $-74 Mil (TTM As of Dec. 2023)

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Trinet Group's change in receivables for the quarter that ended in Dec. 2023 was $-41 Mil. It means Trinet Group's Accounts Receivable increased by $41 Mil from Sep. 2023 to Dec. 2023 .

Trinet Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-74 Mil. It means Trinet Group's Accounts Receivable increased by $74 Mil from Dec. 2022 to Dec. 2023 .

Trinet Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $18 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. Trinet Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 1.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Trinet Group's liquidation value for the three months ended in Dec. 2023 was $-3,250 Mil.

Trinet Group Change In Receivables Historical Data

The historical data trend for Trinet Group'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.

* Premium members only.

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

24.00

32.00

-75.00

-51.00

-74.00

Trinet Group 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																-23.00	8.00	3.00	-44.00	-41.00

Trinet Group 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 $-74 Mil.

Trinet Group (NYSE:TNET) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18	/	1245	*	91
=	1.32

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

Trinet Group'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)
=	352	-	3615	+	0.75 * 18	+	0.5 * 0
=	-3,250

Trinet Group Change In Receivables Related Terms

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Trinet Group (Trinet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (NYSE:TNET) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

TN3:Germany TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Executives

Alexander G. Warren	officer: SVP, CHIEF REVENUE OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Burton M. Goldfield	director, officer: PRESIDENT, CEO and DIRECTOR	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Ralph A. Clark	director	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Samantha Wellington	officer: SVP, CLO & SECRETARY	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Kelly L Tuminelli	officer: EVP & CHIEF FINANCIAL OFFICER	TRINET GROUP, INC., ONE PARK PLACE, STE 600, DUBLIN CA 94568
L.p. Agi-t,	director, 10 percent owner	40 MORRIS AVENUE, BRYN MAWR PA 19010
Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Jonathan D. Lee	officer: PRINCIPAL ACCOUNTING OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Jayaraman Venkataramani	officer: CHIEF DIGITAL & INNOV OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
H Raymond Bingham	director	2655 SEELY AVE, SAN JOSE CA 95134
Martin Babinec	director	TRINET GROUP INC., ONE PARK PLACE., STE. 600, DUBLIN CA 94568
Wayne B Lowell	director	3061 ZANKER ROAD, SAN JOSE CA 95134
Olivier Kohler	officer: SVP, CHIEF OPERATING OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Myrna Soto	director	ONE ENERGY PLAZA, JACKSON MI 49201
Katherine August-dewilde	director	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568