TANAF (Tianan Technology Group) Accounts Receivable : $0.09 Mil (As of Dec. 2024)

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What is Tianan Technology Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tianan Technology Group's accounts receivables for the quarter that ended in Dec. 2024 was $0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tianan Technology Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 10.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tianan Technology Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.02.

Tianan Technology Group Accounts Receivable Historical Data

The historical data trend for Tianan Technology Group'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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Tianan Technology Group Accounts Receivable Chart

Tianan Technology Group Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

0.09

Tianan Technology Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			-	0.04	-	-	0.09

Tianan Technology Group Accounts Receivable Calculation

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

Tianan Technology Group 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.

Tianan Technology Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.091	/	1.65	*	91
=	10.07

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

Tianan Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.133	+	0.75 * 0.091	+	0.5 * 0.002	-	1.006
-	0	-	0)	/	45.518
=	-0.02

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.

Tianan Technology Group Accounts Receivable Related Terms

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Tianan Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tianan Technology Group Ltd (OTCPK:TANAF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 743, Taopu Road, Room 501, Putuo District, Shanghai, CHN

Website

Tianan Technology Group Ltd is focused on graphene production enterprises and is engaged in the health therapy industry. It utilizes the far-infrared heat therapy characteristics of graphene, which is incorporated into its products. Its products include Graphene Far Infrared Energy Room, Pure Graphene Heating Music Blanket, Graphene Pillow, Pure Graphene Heating Knee Compartment, Pure Graphene Heating Knee Pads, Pure Graphene Eye Mask etc. The Company operates in two reportable business segments: Healthcare and Motor Controller.

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