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BlackRock Smaller Trust (LSE:BRSC) Accounts Receivable : £0.00 Mil (As of Feb. 2023)


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What is BlackRock Smaller Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlackRock Smaller Trust's accounts receivables for the quarter that ended in Feb. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlackRock Smaller Trust's Days Sales Outstanding for the quarter that ended in Feb. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlackRock Smaller Trust's Net-Net Working Capital per share for the quarter that ended in Feb. 2023 was £-1.12.


BlackRock Smaller Trust Accounts Receivable Historical Data

The historical data trend for BlackRock Smaller Trust'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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BlackRock Smaller Trust Accounts Receivable Chart

BlackRock Smaller Trust Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Accounts Receivable
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BlackRock Smaller Trust Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Feb24
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BlackRock Smaller Trust Accounts Receivable Calculation

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


BlackRock Smaller Trust 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.

BlackRock Smaller Trust's Days Sales Outstanding for the quarter that ended in Feb. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/15.597*91
=0.00

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

BlackRock Smaller Trust's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(23.536+0.75 * 0+0.5 * 0-78.05
-0-0)/48.8298
=-1.12

* 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.


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.


BlackRock Smaller Trust Accounts Receivable Related Terms

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BlackRock Smaller Trust (LSE:BRSC) Business Description

Traded in Other Exchanges
Address
12 Throgmorton Avenue, Exchange Place One, London, GBR, EC2N 2DL
BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.

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