Turners Automotive Group (ASX:TRA) Change In Receivables : A$0.0 Mil (TTM As of Sep. 2023)

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What is Turners Automotive Group Change In Receivables?

Turners Automotive Group's change in receivables for the quarter that ended in Sep. 2023 was A$0.0 Mil. It means Turners Automotive Group's Accounts Receivable stayed the same from Mar. 2023 to Sep. 2023 .

Turners Automotive Group's change in receivables for the fiscal year that ended in Mar. 2023 was A$0.0 Mil. It means Turners Automotive Group's Accounts Receivable stayed the same from Mar. 2022 to Mar. 2023 .

Turners Automotive Group's Accounts Receivable for the quarter that ended in Sep. 2023 was A$412.8 Mil.

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 Receivable are being managed. Turners Automotive Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 610.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Turners Automotive Group's liquidation value for the six months ended in Sep. 2023 was A$-196.8 Mil.

Turners Automotive Group Change In Receivables Historical Data

The historical data trend for Turners Automotive Group's Change In Receivables 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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Turners Automotive Group Change In Receivables Chart

Turners Automotive Group Annual Data

Trend

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Change In Receivables

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Turners Automotive Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Turners Automotive Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.0 Mil.

Turners Automotive Group (ASX:TRA) Change In Receivables 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 Receivable are being managed.

Turners Automotive Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	412.817	/	123.406	*	91
=	610.50

2. In Ben Graham's calculation of liquidation value, Turners Automotive Group's accounts receivable are only considered to be worth 75% of book value:

Turners Automotive Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11.664	-	529.035	+	0.75 * 412.817	+	0.5 * 21.968
=	-196.8

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Turners Automotive Group (ASX:TRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (ASX:TRA) » Definitions » Change In Receivables

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TRA:New Zealand

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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