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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Treace Medical Concepts's accounts receivables for the quarter that ended in Mar. 2024 was $30.1 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Treace Medical Concepts's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 53.71.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Treace Medical Concepts's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.55.
The historical data trend for Treace Medical Concepts'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.
Treace Medical Concepts Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Accounts Receivable | 10.41 | 14.49 | 18.57 | 29.20 | 38.06 |
Treace Medical Concepts Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial |
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25.37 | 27.23 | 25.00 | 38.06 | 30.08 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Treace Medical Concepts's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 30.083 | / | 51.108 | * | 91 |
= | 53.71 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Treace Medical Concepts's accounts receivable are only considered to be worth 75% of book value:
Treace Medical Concepts's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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) | ||
= | (110.006 | + | 0.75 * 30.083 | + | 0.5 * 35.86 | - | 116.335 |
- | 0 | - | 0) | / | 61.9292 | ||
= | 0.55 |
* 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.
Thank you for viewing the detailed overview of Treace Medical Concepts's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
F Barry Bays | director | |
Betsy Hanna | director | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE RD #150, PONTE VEDRA BEACH FL 32081 |
Deepti Jain | director | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Sean F. Scanlan | officer: See Remarks | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
James T Treace | director | 117 BRISTOL PLACE, PONTE VEDRA BEACH FL 32082 |
Richard W Mott | director | 1221 CROSSMAN AVENUE, SUNNYVALE CA 94089 |
Thomas E Timbie | director | |
Daniel E. Owens | officer: Chief HR Officer | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
Scot Michael Elder | officer: *See "Remarks" | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
Mark Hair | officer: Chief Financial Officer | C/O RESTORATION ROBOTICS, INC., 128 BAYTECH DRIVE, SAN JOSE CA 95134 |
Aaron Berutti | officer: Sr. VP, Sales | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
John T. Treace | director, 10 percent owner, officer: Chief Executive Officer | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
Lance A Berry | director | 5677 AIRLINE ROAD, ARLINGTON TN 38002 |
Jane E Kiernan | director | 525 W ROSCOE, CHICAGO IL 60657 |
John R Treace | director | 5677 AIRLINE RD, ARLINGTON VA 38002 |
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