Trimax (Trimax) Accounts Receivable : $0.01 Mil (As of Sep. 2015)

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What is Trimax Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trimax's accounts receivables for the quarter that ended in Sep. 2015 was $0.01 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. Trimax's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-0.00.

Trimax Accounts Receivable Historical Data

The historical data trend for Trimax'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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Trimax Accounts Receivable Chart

Trimax Annual Data

Trend

Sep04

Sep05

Sep06

Sep07

Sep08

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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0.02

0.04

0.05

0.02

0.04

Trimax Quarterly Data
	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Dec10	Dec11	Dec12	Dec13	Dec14	Mar15	Jun15	Sep15
Accounts Receivable	Get a 7-Day Free Trial															0.02	0.04	0.02	0.01	0.01

Trimax Accounts Receivable Calculation

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

Trimax 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.

Trimax's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.005	/	0	*	91
=

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

Trimax's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=	(0.004	+	0.75 * 0.005	+	0.5 * 0.009	-	0.261
-	0.001	-	0)	/	418.114
=	-0.00

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.

Trimax Accounts Receivable Related Terms

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