Chesswood Group (TSX:CHW) Accounts Receivable : C$0.0 Mil (As of Dec. 2023)

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What is Chesswood Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chesswood Group's accounts receivables for the quarter that ended in Dec. 2023 was C$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chesswood Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chesswood Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-110.74.

Chesswood Group Accounts Receivable Historical Data

The historical data trend for Chesswood Group'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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Chesswood Group Accounts Receivable Chart

Chesswood Group Annual Data

Trend

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Accounts Receivable

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Chesswood Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Chesswood Group Accounts Receivable Calculation

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

Chesswood Group 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.

Chesswood Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	43.786	*	91
=	0.00

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

Chesswood Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(13.01	+	0.75 * 0	+	0.5 * 0	-	2027.811
-	0	-	12.755)	/	18.3091
=	-110.74

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.

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Chesswood Group (TSX:CHW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Chesswood Group Ltd (TSX:CHW) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CHWWF:USA

Address

1133 Yonge Street, Suite 603, Toronto, ON, CAN, M4T 2Y7

Website

https://www.chesswoodgroup.com

Chesswood Group Ltd is a holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance in Canada), as well as the origination and management of private credit alternatives for North American investors. The company's operations consist of U.S. Equipment Financing Segment, Canadian Equipment Financing Segment, Canadian Auto Financing Segment, and Asset Management Segment. The US Equipment Financing business, which is the key revenue driver, is located in the US and is involved in small-ticket equipment leasing and lending to small and medium-sized businesses.