Trajan Group Holdings (ASX:TRJ) Accounts Receivable : A$19.6 Mil (As of Dec. 2023)

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What is Trajan Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trajan Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was A$19.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Trajan Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 46.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Trajan Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.35.

Trajan Group Holdings Accounts Receivable Historical Data

The historical data trend for Trajan Group Holdings'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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Trajan Group Holdings Accounts Receivable Chart

Trajan Group Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

10.33

20.27

23.52

Trajan Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			15.77	20.27	19.65	23.52	19.63

Trajan Group Holdings Accounts Receivable Calculation

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

Trajan Group Holdings 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.

Trajan 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
=	19.628	/	76.41	*	91
=	46.88

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

Trajan Group Holdings'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)
=	(11.519	+	0.75 * 19.628	+	0.5 * 27.831	-	92.701
-	0	-	0)	/	152.216
=	-0.35

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.

Trajan Group Holdings Accounts Receivable Related Terms

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Trajan Group Holdings (ASX:TRJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Trajan Group Holdings Ltd (ASX:TRJ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Argent Place, Ringwood, VIC, AUS, 3134

Website

https://www.trajanscimed.com

Trajan Group Holdings Ltd operates in the analytical science industry. The group operates in two segments namely, Analytical Products which design, manufacture, distribute, and sale of Analytical components and consumables, and Life Science Solutions which design, manufacture, distribute, and sale of pathology, automation workflow solutions, microsampling devices, testing, and data analysis. The majority of its revenue is derived from developing and manufacturing a range of precision consumable components and solutions. It operates predominantly in Malaysia, Japan, Australia, New Zealand, the USA, Europe, the Middle East, India and African countries.

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