Texas Roadhouse (Texas Roadhouse) Accounts Receivable : $175 Mil (As of Dec. 2023)

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What is Texas Roadhouse Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Texas Roadhouse's accounts receivables for the quarter that ended in Dec. 2023 was $175 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Texas Roadhouse's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Texas Roadhouse's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-20.91.

Texas Roadhouse Accounts Receivable Historical Data

The historical data trend for Texas Roadhouse'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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Texas Roadhouse Accounts Receivable Chart

Texas Roadhouse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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99.31

98.42

161.36

150.26

175.47

Texas Roadhouse Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															150.26	41.53	60.54	48.97	175.47

Texas Roadhouse Accounts Receivable Calculation

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

Texas Roadhouse 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.

Texas Roadhouse's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	175.474	/	1164.361	*	91
=	13.75

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

Texas Roadhouse'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)
=	(104.246	+	0.75 * 175.474	+	0.5 * 38.32	-	1635.865
-	0	-	15.849)	/	66.7895
=	-20.91

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.

Texas Roadhouse Accounts Receivable Related Terms

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Texas Roadhouse (Texas Roadhouse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Texas Roadhouse Inc (NAS:TXRH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ROW:Germany ROW:Germany

Address

6040 Dutchmans Lane, Louisville, KY, USA, 40205

Website

http://www.texasroadhouse.com

Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment. The company's operating segment includes Texas Roadhouse; Bubba's 33 and others. It generates maximum revenue from the Texas Roadhouse segment.

Executives

Christopher C. Colson	officer: General Counsel	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Gerald L. Morgan	officer: President	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Gregory N Moore	director	6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205
Wayne L. Jones	director	7755 CENTER AVENUE, SUITE 300, HUNTINGTON BEACH CA 92647
David Christopher Monroe	officer: Chief Financial Officer	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
S. Chris Jacobsen	officer: Chief Marketing Officer	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Kathy Widmer	director	C/O ELIZABETH ARDEN, INC., 2400 S.W. 145 AVENUE, MIRAMAR FL 33027
Regina A. Tobin	officer: Chief Learning & Culture Offcr	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Hernan E. Mujica	officer: Chief Information Officer	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Keith Humpich	officer: Interim Chief Financial Offcr.	6040 DUTCHMANS LANE, LOUISIVILLE KY 40205
James R Zarley	director	4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Tonya Robinson	officer: CFO	6040 DUTCHMANS LANE, SUITE 400, LOUISVILLE KY 40205
Curtis Warfield	director	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Donna E Epps	director	11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Wayne Kent Taylor	director, 10 percent owner, officer: Chairman of Company & Board	6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205