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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trinity Place Holdings's accounts receivables for the quarter that ended in Sep. 2024 was $0.13 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. Trinity Place Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.01.
The historical data trend for Trinity Place 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.
Trinity Place Holdings Annual Data | |||||||||||||||||||||
Trend | Feb11 | Feb15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 1.84 | 1.06 | 0.20 | 0.43 | 0.66 |
Trinity Place Holdings Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | 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 | 0.38 | 0.66 | 0.12 | 0.13 | 0.13 |
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.
Trinity Place Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0.134 | / | 0 | * | 91 |
= |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Trinity Place Holdings's accounts receivable are only considered to be worth 75% of book value:
Trinity Place Holdings'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) | ||
= | (0.505 | + | 0.75 * 0.134 | + | 0.5 * 0 | - | 1.522 |
- | 0 | - | 0) | / | 65.3147 | ||
= | -0.01 |
* 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 Trinity Place Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Mfp Partners Lp | 10 percent owner, other: See remarks below | 909 THIRD AVENUE, 33RD FLOOR, New York NY 10022 |
Bartels Patrick J Jr | director | C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134 |
Matthew Messinger, | director, officer: President and CEO | ONE SYMS WAY, SECAUCUS NJ 07094 |
Alan Cohen | director | 10 REUTEN DRIVE, CLOSTER NJ 07624 |
Joanne Minieri | director | 100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788 |
Jennifer C. Price | 10 percent owner, other: See remarks | C/O MFP INVESTORS LLC, 909 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022 |
Jeffrey B Citrin | director | 950 THIRD AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Steven Kahn | officer: Chief Financial Officer | 717 FIFTH AVENUE, SUITE 1303, NEW YORK NY 10022 |
Keith M Pattiz | director | C/O MCDERMOTT WILL & EMERY, 340 MADISON AVE, NEW YORK NY 10173-1922 |
Alexander C Matina | director | C/O MFP INVESTORS, LLC, 667 MADISON AVE, 25TH FL, NEW YORK NY 10065 |
Richard Guy Pyontek | officer: Chief Accounting Officer | 1 SYMS WAY, SECAUCUS NJ 07094 |
Marcato International Master Fund, Ltd. | 10 percent owner | C/O OGIER FIDUCIARY SERVICES (CAYMAN)LTD, 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9007 |
Marcato Capital Management Llc | 10 percent owner | FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111 |
Marcato Holdings Llc | 10 percent owner | FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111 |
Ds Fund I Llc | 10 percent owner | 7274 FISHER ISLAND DRIVE, MIAMI BEACH FL 33109-0760 |
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