Top Frontier Investment Holdings (Top Frontier Investment Holdings) Accounts Receivable : $3,252 Mil (As of Mar. 2024)

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What is Top Frontier Investment Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Top Frontier Investment Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $3,252 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Top Frontier Investment Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Top Frontier Investment Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-90.66.

Top Frontier Investment Holdings Accounts Receivable Historical Data

The historical data trend for Top Frontier Investment Holdings'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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Top Frontier Investment Holdings Accounts Receivable Chart

Top Frontier Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,497.18

1,288.00

1,708.64

2,972.81

3,250.03

Top Frontier Investment Holdings Quarterly Data
	Jun19	Sep19	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															2,765.23	2,909.10	3,190.87	3,250.03	3,252.06

Top Frontier Investment Holdings Accounts Receivable Calculation

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

Top Frontier Investment Holdings 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.

Top Frontier Investment Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3252.061	/	6771.153	*	91
=	43.83

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

Top Frontier Investment Holdings'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)
=	(4675.392	+	0.75 * 3252.061	+	0.5 * 2642.444	-	32857.611
-	4.483	-	9832.049)	/	377.886
=	-90.66

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.

Top Frontier Investment Holdings Accounts Receivable Related Terms

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Top Frontier Investment Holdings (Top Frontier Investment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Top Frontier Investment Holdings Inc (GREY:TPHIF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

TFHI:Philippines

Address

No. 399 Sen. Gil. Puyat Avenue, 5th Floor, ENZO Building, Makati, PHL, 1200

Website

https://topfrontier.com.ph

Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The operating business segments are food and beverage, packaging, energy, fuel and oil, infrastructure and Cement, Real Estate, Mining and Others. The company derives maximum revenue from fuel and oil segment. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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