TMC (TMC The Metals Co) Accounts Receivable : $2.56 Mil (As of Sep. 2024)

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What is TMC The Metals Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TMC The Metals Co's accounts receivables for the quarter that ended in Sep. 2024 was $2.56 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TMC The Metals Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.25.

TMC The Metals Co Accounts Receivable Historical Data

The historical data trend for TMC The Metals Co'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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TMC The Metals Co Accounts Receivable Chart

TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2.76

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial												5.33	-	1.95	1.24	2.56

TMC The Metals Co Accounts Receivable Calculation

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

TMC The Metals Co 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.

TMC The Metals Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.557	/	0	*	91
=

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

TMC The Metals Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.36	+	0.75 * 2.557	+	0.5 * 0	-	82.781
-	0	-	0)	/	324.132
=	-0.25

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.

TMC The Metals Co Accounts Receivable Related Terms

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TMC The Metals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TMC The Metals Co Inc (NAS:TMC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.metals.co

TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Geographically, the company has its presence in Nauru, Singapore, Tonga and North America. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,700,000 square miles).

Executives

Craig Shesky	officer: Chief Financial Officer	570 BROOME STREET, APT. 13A, NEW YORK NY 10013
Andrew Hall	director	16 BARONSFIELD ROAD, TWICKENHAM X0 TW1 2QU
Anthony O'sullivan	officer: Chief Development Officer	19 TENNYSON STREET, BULIMBA, QUEENSLAND C3 4171
Gregory Stone	officer: Chief Ocean Scientist	17350 SUNSET BLVD., 502, PACIFIC PALISADES CA 90272
Allseas Group S.a.	10 percent owner	18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS V8 1618
Andrei Karkar	director, 10 percent owner	323 MARINA BOULEVARD, SAN FRANCISCO CA 94123
Gerard Barron	director, officer: Chief Executive Officer	APT. 6403, JADDAF WATERFRONT TOWER D1, DUBAI C0 00000
Argentum Cedit Virtuti Gcv	10 percent owner	WIEGSTRAAT 21, ANTWERPEN C9 2000
Stichting Administratiekantoor Aequa Lance Foundation	10 percent owner	C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Edward Heerema	10 percent owner	C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Allseas Investments S.a.	10 percent owner	18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Andrew Carlyle Greig	director	1 MACQUARIE ST, TENERIFFE, QLD C3 4005
Christian Madsbjerg	director	36 WEST 13TH STREET, NEW YORK NY 10011
Amelia Kinahoi Siamomua	director	3575 BEACHHILL DRIVE, ATLANTA GA 30340
Sheila Khama	director	PO BOX 2007, GABORONE B1 00000