TSR (TSRI) Accounts Receivable : $10.54 Mil (As of Feb. 2024)

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What is TSR Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TSR's accounts receivables for the quarter that ended in Feb. 2024 was $10.54 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TSR's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 48.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TSR's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $5.35.

TSR Accounts Receivable Historical Data

The historical data trend for TSR'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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TSR Accounts Receivable Chart

TSR Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Receivable

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7.44

7.06

9.66

13.43

12.08

TSR Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															11.58	12.08	12.00	11.03	10.54

TSR Accounts Receivable Calculation

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

TSR 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.535	/	19.703	*	91
=	48.79

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

TSR's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(10.662	+	0.75 * 10.535	+	0.5 * 0	-	6.899
-	0	-	0.056)	/	2.16955
=	5.35

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.

TSR Accounts Receivable Related Terms

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TSR (TSRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TSR Inc (NAS:TSRI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Oser Avenue, Suite 150, Hauppauge, NY, USA, 11788

Website

https://www.tsrconsulting.com

TSR Inc is primarily engaged in the business of providing contract computer programming services to its customers. The company offers technical computer personnel to supplement its in-house information technology capabilities. It also gives staffing capabilities in the areas of mainframe and mid-range computer operations, personal computers and client-server support, internet and e-commerce operations, voice and data communications and helps desk support. Additionally, the company renders services on day-to-day operations, special projects, and on a short-term or long-term basis. It caters to various industries such as insurance, pharmaceutical and biotechnology, publishing and new media, financial services and project utilities.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Robert E Fitzgerald	director	2204 VAQUERO ESTATES BLVD, WESTLAKE TX 76262
Bradley M Tirpak	director	50 ORCHARD ST., NEW YORK NY 10002
Fintech Consulting, Llc	10 percent owner	120 S WOOD AVE, SUITE 300, ISELIN NJ 08830
Thomas C Salerno	officer: Chief Executive Officer	600 WEST SADDLE RIVER ROAD, UPPER SADDLE RIVER NJ 07548
Ira Cohen	director
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Joseph Pennacchio	director
Kelly William J. Jr.	director	11 CARNEGIE AVENUE, COLD HARBOR NY 11724
Joseph F Hughes	director, 10 percent owner, officer: President and CEO	C/O TSR INC, 400 OSER AVE #150, HAUPPAUGE NY 11788
Winifred Hughes	10 percent owner	1278 RIDGE ROAD, LAUREL HOLLOW NY 11791
Eric M Stein	director	15 HIGHLAND PLACE, BABYLON NY 11702
Regina Dowd	director	275 FLINTLOCK ROAD, SOUTHPORT CT 06890
Brian Mangan	director	45 DUNE COURT, NORTHPORT NY 11768
Christopher J Hughes	director	C/O TSR INC, 400 OSER AVE #150, HAUPPAUGE NY 11788