Turners Group NZ (NZSE:TUA) Accounts Receivable : NZ$0.00 Mil (As of Jun. 2014)

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What is Turners Group NZ Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Turners Group NZ's accounts receivables for the quarter that ended in Jun. 2014 was NZ$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Turners Group NZ's Days Sales Outstanding for the quarter that ended in Jun. 2014 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. Turners Group NZ's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was NZ$-1.04.

Turners Group NZ Accounts Receivable Historical Data

The historical data trend for Turners Group NZ'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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Turners Group NZ Accounts Receivable Chart

Turners Group NZ Annual Data

Trend

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Accounts Receivable

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Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Turners Group NZ Accounts Receivable Calculation

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

Turners Group NZ 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.

Turners Group NZ's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	29.853	*	91
=	0.00

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

Turners Group NZ's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=	(11.556	+	0.75 * 0	+	0.5 * 11.264	-	45.654
-	0	-	0)	/	27.375
=	-1.04

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.

Turners Group NZ Accounts Receivable Related Terms

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Turners Group NZ (NZSE:TUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Group NZ Ltd (NZSE:TUA) » Definitions » Accounts Receivable

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Address

Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.