TheWorks.Co.uk (LSE:WRKS) Accounts Receivable : £9.4 Mil (As of Oct. 2023)

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What is TheWorks.Co.uk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TheWorks.Co.uk's accounts receivables for the quarter that ended in Oct. 2023 was £9.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TheWorks.Co.uk's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 13.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TheWorks.Co.uk's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was £-1.88.

TheWorks.Co.uk Accounts Receivable Historical Data

The historical data trend for TheWorks.Co.uk'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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TheWorks.Co.uk Accounts Receivable Chart

TheWorks.Co.uk Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Receivable

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0.25

0.83

2.21

2.61

2.86

TheWorks.Co.uk Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Accounts Receivable	Get a 7-Day Free Trial										14.87	2.61	10.47	2.86	9.39

TheWorks.Co.uk Accounts Receivable Calculation

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

TheWorks.Co.uk 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.

TheWorks.Co.uk's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.39	/	122.575	*	91
=	13.98

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

TheWorks.Co.uk's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=	(2.458	+	0.75 * 9.39	+	0.5 * 56.118	-	155.104
-	0	-	0)	/	62.5
=	-1.88

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.

TheWorks.Co.uk Accounts Receivable Related Terms

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TheWorks.Co.uk (LSE:WRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TheWorks.Co.uk PLC (LSE:WRKS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Boldmere House, Faraday Avenue, Hams Hall Distribution Park, Coleshill, Birmingham, GBR, B46 1AL

Website

https://www.theworks.co.uk

TheWorks.Co.uk PLC is a multi-channel specialist retailers. The company's product categories include Books, Stationery, Arts and crafts, and Toys and games. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in EU countries. Some of the company brands include Boldmere, Brain Maze, CMYK Design Works, Corner Piece, Crawford and Black, Easter Wishes, Explore, Learn, Discover, Fun Workz, Make and Create Boutique, The Craft Place, and others. It has one operating segment with two revenue streams, in store and online.

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