Tree Island Steel (Tree Island Steel) Accounts Receivable : $21.3 Mil (As of Mar. 2024)

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What is Tree Island Steel Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tree Island Steel's accounts receivables for the quarter that ended in Mar. 2024 was $21.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tree Island Steel's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tree Island Steel's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.50.

Tree Island Steel Accounts Receivable Historical Data

The historical data trend for Tree Island Steel'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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Tree Island Steel Accounts Receivable Chart

Tree Island Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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18.41

19.38

29.73

22.41

17.70

Tree Island Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															26.68	24.77	19.83	17.70	21.33

Tree Island Steel Accounts Receivable Calculation

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

Tree Island Steel 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.

Tree Island Steel's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21.334	/	44.762	*	91
=	43.49

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

Tree Island Steel's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(14.927	+	0.75 * 21.334	+	0.5 * 34.331	-	34.564
-	0	-	0)	/	27.1003
=	0.50

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.

Tree Island Steel Accounts Receivable Related Terms

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Tree Island Steel (Tree Island Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tree Island Steel Ltd (OTCPK:TWIRF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

TSL:Canada

Address

3933 Boundary Road, Richmond, BC, CAN, V6V 1T8

Website

https://www.treeisland.com

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.

Tree Island Steel (Tree Island Steel) Headlines

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