TCF Financial (TCF Financial) Accounts Receivable : $0 Mil (As of Mar. 2021)

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What is TCF Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TCF Financial's accounts receivables for the quarter that ended in Mar. 2021 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TCF Financial's Days Sales Outstanding for the quarter that ended in Mar. 2021 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. TCF Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $-226.67.

TCF Financial Accounts Receivable Historical Data

The historical data trend for TCF Financial'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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TCF Financial Accounts Receivable Chart

TCF Financial Annual Data

Trend

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Accounts Receivable

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TCF Financial Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

TCF Financial Accounts Receivable Calculation

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

TCF Financial 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.

TCF Financial's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	502.428	*	91
=	0.00

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

TCF Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 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)
=	(9453.092	+	0.75 * 0	+	0.5 * 0	-	43867.78
-	169.302	-	27.937)	/	152.696
=	-226.67

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.

TCF Financial Accounts Receivable Related Terms

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TCF Financial (TCF Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TCF Financial Corp (NAS:TCF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Fort Street, Suite 1800, Detroit, MI, USA, 48226

Website

https://www.tcfbank.com

TCF Financial is a bank and financial services provider operating throughout the United States and Canada. The company operates in three segments: commercial banking, which provides industrial and commercial banking and leasing services; consumer banking, which provides personal loans and wealth management services through retail banks; and enterprise services, which includes the company's capital management and operational functions. The majority of branches are concentrated in the U.S. Midwest, Colorado, Arizona, and South Dakota.

Executives

Thomas C Shafer	officer: Chief Operating Officer	235 EAST MAIN STREET, MIDLAND MI 48640
Ronald A Klein	director	235 EAST MAIN STREET, MIDLAND MI 48640
Brian W Maass	officer: EVP, Deputy CFO, Treasurer	200 LAKE STREET EAST WAYZATA MN 55391
Sandra D. Kuohn	officer: EVP, Chief HCM Officer	235 E. MAIN STREET MIDLAND MI 48640
Andrew J Jackson	officer: Chief Audit Executive	200 LAKE STREET EAST WAYZATA MN 55391-1693
Daniel W Terpsma	other: Officer of Principal Bus. Unit	235 E. MAIN STREET MIDLAND MI 48640
Thomas John Butterfield	officer: EVP, Chief Tech/Oper Offcr	200 LAKE STREET EAST WAYZATA MN 55391
Vance K Opperman	director	200 LAKE STREET EAST WAYZATA MN 55391-1693
Barbara L. Mcquade	director	235 E. MAIN STREET, MIDLAND MI 48640
Roger J Sit	director	200 LAKE STREET EAST, WAYZATA MN 55391-1693
Richard H King	director	200 LAKE STREET EAST, WAYZATA MN 55391
Barbara J Mahone	director	235 EAST MAIN STREET MIDLAND MI 48640
Arthur A Weiss	director	235 EAST MAIN STREET, MIDLAND MI 48640
Theresa Wise	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Jeffrey L. Tate	director	2211 H.H. DOW WAY, MIDLAND MI 48674