TSCC (Technology Solutions Co) Accounts Receivable: $0.51 Mil (As of Dec. 2008)

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What is Technology Solutions Co Accounts Receivable?

Technology Solutions Co TSCC Accounts Receivable is $0.51 Mil as of Dec. 2008.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Technology Solutions Co's accounts receivables for the quarter that ended in Dec. 2008 was $0.51 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. Technology Solutions Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2008 was $2.77.

Technology Solutions Co 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.

Technology Solutions Co's Days Sales Outstanding for the quarter that ended in Dec. 2008 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.509/-0.196*91
=

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

Technology Solutions Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2008 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)
=(7.993+0.75 * 0.509+0.5 * 0-1.266
-0-0)/2.566
=2.77

* 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.

Technology Solutions Co Accounts Receivable Related Terms

Technology Solutions Co Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Technology Solutions Co'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.

Technology Solutions Co Accounts Receivable Chart

Technology Solutions Co Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.18 7.16 7.66 3.51 0.51

Technology Solutions Co Quarterly Data
Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.51 4.45 1.22 0.97 0.51

Technology Solutions Co Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.51 Mil mean?
Technology Solutions Co (TSCC) has a Accounts Receivable of $0.51 Mil as of Dec. 2008. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Technology Solutions Co and its competitors.
Is Technology Solutions Co's Accounts Receivable too high?
Technology Solutions Co's current Accounts Receivable is $0.51 Mil.
How does Technology Solutions Co's Accounts Receivable compare to SYSX?
Technology Solutions Co's Accounts Receivable of $0.51 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Software company?
A good Accounts Receivable depends on the Software industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Technology Solutions Co and its competitors. Technology Solutions Co's current Accounts Receivable is $0.51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology Solutions Co stock overvalued right now?
Technology Solutions Co (TSCC) has a current Accounts Receivable of $0.51 Mil. The current Accounts Receivable is $0.51 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Technology Solutions Co (TSCC), the current Accounts Receivable is $0.51 Mil as of Dec. 2008. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Technology Solutions Co Business Description

Address 55 East Monroe street, Suite 2600, Chicago, IL, USA, 60603
Technology Solutions Co provides business-consulting services across a broad range of industries and areas of expertise. The company provides business strategy and assessment services.