Strip Tinning Holdings (LSE:STG) Accounts Receivable : £2.17 Mil (As of Dec. 2023)

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What is Strip Tinning Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Strip Tinning Holdings's accounts receivables for the quarter that ended in Dec. 2023 was £2.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Strip Tinning Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 76.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Strip Tinning Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.18.

Strip Tinning Holdings Accounts Receivable Historical Data

The historical data trend for Strip Tinning 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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Strip Tinning Holdings Accounts Receivable Chart

Strip Tinning Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.86

1.72

3.01

2.69

2.17

Strip Tinning Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					3.01	2.16	2.69	2.43	2.17

Strip Tinning Holdings Accounts Receivable Calculation

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

Strip Tinning 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.

Strip Tinning 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
=	2.173	/	5.18	*	91
=	76.56

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

Strip Tinning 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)
=	(0.343	+	0.75 * 2.173	+	0.5 * 1.287	-	5.476
-	0	-	0)	/	15.4597
=	-0.18

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.

Strip Tinning Holdings Accounts Receivable Related Terms

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Strip Tinning Holdings (LSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA

Website

https://www.striptinning.com

Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.