TIOG (Tingo Group) Accounts Receivable: $359 Mil (As of Sep. 2023)

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TIOG Tingo Group Inc TIOG
16 GF Score
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What is Tingo Group Accounts Receivable?

Tingo Group TIOG 16 Accounts Receivable is $359 Mil as of Sep. 2023. GuruFocus rates TIOG with a GF Score™ of 16/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tingo Group's accounts receivables for the quarter that ended in Sep. 2023 was $359 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tingo Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 55.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tingo Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-4.25.

Tingo 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.

Tingo Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=359.185/586.222*91
=55.91

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

Tingo Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(53.418+0.75 * 359.185+0.5 * 0.143-1327.839
-0-0.312)/236.270
=-4.25

* 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.

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.

Tingo Group Accounts Receivable Related Terms

Tingo Group Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Tingo 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.

Tingo Group Accounts Receivable Chart

Tingo Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.00 0.52 17.88 11.54

Tingo Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.08 11.54 356.77 366.02 359.19
TIOG
16GF Score
Tingo Group Inc TIOG
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tingo Group Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $359 Mil mean?
Tingo Group (TIOG) has a Accounts Receivable of $359 Mil as of Sep. 2023. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Tingo Group and its competitors.
Is Tingo Group's Accounts Receivable too high?
Tingo Group's current Accounts Receivable is $359 Mil. Overall, Tingo Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Tingo Group's Accounts Receivable compare to AMJT and TRAK?
Tingo Group's Accounts Receivable of $359 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Software company?
A good Accounts Receivable depends on the Software industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Tingo Group and its competitors. Tingo Group's current Accounts Receivable is $359 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingo Group stock overvalued right now?
Tingo Group (TIOG) has a current Accounts Receivable of $359 Mil. The current Accounts Receivable is $359 Mil. Tingo Group's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Tingo Group (TIOG), the current Accounts Receivable is $359 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tingo Group Business Description

Address 28 West Grand Avenue, Suite 3, Montvale, NJ, USA, 07645
Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.
16GF Score

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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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