Taronis Fuels (Taronis Fuels) Accounts Receivable : $10.55 Mil (As of Sep. 2020)

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What is Taronis Fuels Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Taronis Fuels's accounts receivables for the quarter that ended in Sep. 2020 was $10.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Taronis Fuels's Days Sales Outstanding for the quarter that ended in Sep. 2020 was 99.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Taronis Fuels's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-10.38.

Taronis Fuels Accounts Receivable Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Accounts Receivable Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Accounts Receivable

0.39

1.40

2.94

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Accounts Receivable	Get a 7-Day Free Trial					3.01	2.94	3.00	4.43	10.55

Taronis Fuels Accounts Receivable Calculation

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

Taronis Fuels 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.

Taronis Fuels's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.553	/	9.662	*	91
=	99.66

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

Taronis Fuels's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 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)
=	(0.212	+	0.75 * 10.553	+	0.5 * 7.257	-	36.796
-	0	-	0)	/	2.41335
=	-10.38

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.

Taronis Fuels Accounts Receivable Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director