GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine II Acquisition Corp (NYSE:TRAQ) » Definitions » Accounts Receivable

Trine II Acquisition (Trine II Acquisition) Accounts Receivable : $0.00 Mil (As of Dec. 2022)


View and export this data going back to 2021. Start your Free Trial

What is Trine II Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trine II Acquisition's accounts receivables for the quarter that ended in Dec. 2022 was $0.00 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. Trine II Acquisition's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.34.

Trine II Acquisition Accounts Receivable Historical Data

The historical data trend for Trine II Acquisition'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.

* Premium members only.

Trine II Acquisition Accounts Receivable Chart

Trine II Acquisition Annual Data
Trend Dec21 Dec22
Accounts Receivable
- -

Trine II Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Accounts Receivable Get a 7-Day Free Trial - - - - -

Trine II Acquisition Accounts Receivable Calculation

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

Trine II Acquisition 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.

Trine II Acquisition's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

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

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

Trine II Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=(0.546+0.75 * 0+0.5 * 0-17.982
-0-0)/51.75
=-0.34

* 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.

Trine II Acquisition Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Trine II Acquisition's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Trine II Acquisition (Trine II Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine II Acquisition Corp (NYSE:TRAQ) » Definitions » Accounts Receivable
Comparable Companies
EQD TBCP UNEX ANZU SNRH FINM HHLA AGAC JOFF OHPA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
228 Park Avenue South, Suite 63482, New York, NY, USA, 10003
Website
https://www.trineacquisitioncorp.com
Trine II Acquisition Corp is a blank check company.
Executives
Brian Deevy director C/O TICKETMASTER, 8800 WEST SUNSET BLVD., WEST HOLLYWOOD CA 90069
Hindery Leo J. Jr. director, 10 percent owner C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Josephine Linden director 6601 SOUTH BERMUDA ROAD, LAS VEGAS NV 89119
Mark J Coleman officer: EVP and General Counsel 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Pierre M. Henry director, 10 percent owner, officer: Chief Executive Officer 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Ric Fulop director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
James Moran director 4538 S. 140TH ST., OMAHA NE 68137
Robin Trine Ii Llc 10 percent owner 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Acanthis Master, Llc 10 percent owner 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Jamie R Seltzer director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Jason Kay director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
David Dodson director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Richard Adam Miller officer: EVP and CFO 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174