Top 10 Split Trust (TSX:TXT.UN) Accounts Receivable : C$0.00 Mil (As of Dec. 2023)

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What is Top 10 Split Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Top 10 Split Trust's accounts receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Top 10 Split Trust'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. Top 10 Split Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-14.18.

Top 10 Split Trust Accounts Receivable Historical Data

The historical data trend for Top 10 Split Trust'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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Top 10 Split Trust Accounts Receivable Chart

Top 10 Split Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.04

0.03

0.02

Top 10 Split Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial													0.03	0.02	0.02	0.02	-

Top 10 Split Trust Accounts Receivable Calculation

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

Top 10 Split Trust 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.

Top 10 Split Trust'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	/	0.308	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Top 10 Split Trust's accounts receivable are only considered to be worth 75% of book value:

Top 10 Split Trust'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)
=	(0.118	+	0.75 * 0	+	0.5 * 0	-	7.199
-	0	-	0)	/	0.49953
=	-14.18

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.

Top 10 Split Trust Accounts Receivable Related Terms

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Top 10 Split Trust (TSX:TXT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Top 10 Split Trust (TSX:TXT.UN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TXT.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Top 10 Split Trust is a Canada-based closed-end investment trust. The fund invests in a portfolio of securities consisting of common equity securities of Canadian banks and Canadian life insurance companies. Its investment objective is to provide unitholders with the benefit of capital appreciation in the market price of the securities in the fund's portfolio.

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