Tanachira Retail PCL (BKK:TAN) Accounts Receivable : ฿58 Mil (As of Jun. 2023)

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What is Tanachira Retail PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tanachira Retail PCL's accounts receivables for the quarter that ended in Jun. 2023 was ฿58 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tanachira Retail PCL's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 16.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tanachira Retail PCL's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was ฿-4.13.

Tanachira Retail PCL Accounts Receivable Historical Data

The historical data trend for Tanachira Retail PCL'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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Tanachira Retail PCL Accounts Receivable Chart

Tanachira Retail PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

90.82

84.24

79.76

84.47

Tanachira Retail PCL Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			84.24	-	79.76	58.22	84.47

Tanachira Retail PCL Accounts Receivable Calculation

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

Tanachira Retail PCL 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.

Tanachira Retail PCL's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	58.22	/	663.22	*	91
=	16.02

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

Tanachira Retail PCL's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(36.86	+	0.75 * 58.22	+	0.5 * 473.49	-	1565.64
-	0	-	-8.42)	/	300
=	-4.13

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.

Tanachira Retail PCL Accounts Receivable Related Terms

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Tanachira Retail PCL (BKK:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tanachira Retail Corp PCL (BKK:TAN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

999/9 Rama 1 Road, Room OFMH 2807 & 2812, 28th floor, The Offices at Central World, Patumwan, Bangkok, THA, 10330

Website

https://www.tanachira.co.th

Tanachira Retail Corp PCL is a Thailand based retailer importing lifestyle and fashion products. It is principally engaged in the distribution of diamond jewelry, gemstone jewelry and gems and also provides other products and services through its different brands. Based on its products and services the company has the following reportable segments, The jewelry segment, Leather goods, bags, shoes, clothes, furniture and home decorations. Import, export and distribution of clothing, bags and miscellaneous goods, and the incense segment which includes distribution and export of incense, skin care products and provision of spa services. The substantial portion of company's overall revenue is generated from its jewelry segment.