Third Age Health Services (NZSE:TAH) Accounts Receivable : NZ$1.17 Mil (As of Mar. 2024)

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What is Third Age Health Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Third Age Health Services's accounts receivables for the quarter that ended in Mar. 2024 was NZ$1.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Third Age Health Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 27.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Third Age Health Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NZ$-0.44.

Third Age Health Services Accounts Receivable Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Accounts Receivable Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

0.31

0.34

0.93

1.17

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			0.34	0.84	0.93	1.37	1.17

Third Age Health Services Accounts Receivable Calculation

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

Third Age Health Services 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.

Third Age Health Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.173	/	7.81	*	91
=	27.41

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

Third Age Health Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(1.695	+	0.75 * 1.173	+	0.5 * 0	-	6.952
-	0	-	0)	/	10.0042
=	-0.44

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.

Third Age Health Services Accounts Receivable Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.