Team (TISI) Change In Receivables : $-4.9 Mil (TTM As of Sep. 2024)

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What is Team Change In Receivables?

Team's change in receivables for the quarter that ended in Sep. 2024 was $1.7 Mil. It means Team's Accounts Receivable declined by $1.7 Mil from Jun. 2024 to Sep. 2024 .

Team's change in receivables for the fiscal year that ended in Dec. 2023 was $7.3 Mil. It means Team's Accounts Receivable declined by $7.3 Mil from Dec. 2022 to Dec. 2023 .

Team's Accounts Receivable for the quarter that ended in Sep. 2024 was $146.0 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. Team's Days Sales Outstanding for the three months ended in Sep. 2024 was 63.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Team's liquidation value for the three months ended in Sep. 2024 was $-378.7 Mil.

Team Change In Receivables Historical Data

The historical data trend for Team'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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Team Change In Receivables Chart

Team Annual Data

Trend

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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27.19

46.15

0.70

-33.48

7.34

Team Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															9.18	7.20	5.35	-19.15	1.67

Team 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.9 Mil.

Team (NYSE:TISI) 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.

Team's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	145.991	/	210.758	*	91
=	63.21

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

Team's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	19.087	-	527.468	+	0.75 * 145.991	+	0.5 * 40.314
=	-378.7

Team Change In Receivables Related Terms

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Team Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Team Inc (NYSE:TISI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

T9CA:Germany

Address

13131 Dairy Ashford, Suite 600, Sugar Land, TX, USA, 77478

Website

https://www.teaminc.com

Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in refining, petrochemicals, and others. The company operates in two segments namely Inspection and Heat Treating Group and Mechanical Services Group. Inspection and Heat Treating Group provides non-destructive testing services for the process, pipeline and power sectors and others. The Mechanical Services Group provides call-out and turnaround services under both on-stream and shut down circumstances.

Executives

Anthony R Horton	director	12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Corre Horizon Fund, Lp	10 percent owner	CONYERS TRUST COMPANY (CAYMAN) LTD, CRICKET SQUARE, HUTCHINS DR, BOX 2681, GRAND CAYMAN E9 KY1-1111
Corre Opportunities Qualified Master Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Michael J Caliel	director	1800 WEST LOOP SOUTH, SUITE 500, HOUSTON TX 77027
Edward J. Stenger	director	C/O MOTORS LIQUIDATION COMPANY, 300 RENAISSANCE DRIVE, DETROIT MI 48625
Evan S. Lederman	director	C/O FIR TREE PARTNERS, 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
J Michael Anderson	director
Nelson M Haight	officer: Chief Financial Officer	110 B JACKSON BLVD, HOUSTON TX 77006
Jeffery Gerald Davis	director	PO BOX 336, BURTON TX 77835
Corre Horizon Ii Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Corre Partners Management, Llc	10 percent owner	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
Matthew E Acosta	officer: VP & Chief Accounting Officer	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Candice Koederitz	director	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Young Robert James Iii	officer: President, AID	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
James Chadwick Murray	officer: President, MOS	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478