Tech Central (Tech Central) Accounts Receivable : $0.02 Mil (As of Sep. 2019)

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What is Tech Central Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tech Central's accounts receivables for the quarter that ended in Sep. 2019 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tech Central's Days Sales Outstanding for the quarter that ended in Sep. 2019 was 97.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tech Central's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $-0.04.

Tech Central Accounts Receivable Historical Data

The historical data trend for Tech Central'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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Tech Central Accounts Receivable Chart

Tech Central Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Accounts Receivable

0.03

0.05

0.01

0.02

Tech Central Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Accounts Receivable	Get a 7-Day Free Trial												0.03	0.02	0.03	0.02	0.02

Tech Central Accounts Receivable Calculation

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

Tech Central 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.

Tech Central's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.015	/	0.014	*	91
=	97.77

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

Tech Central's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 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)
=	(0.091	+	0.75 * 0.015	+	0.5 * 0	-	0.91
-	0	-	0)	/	22.3153
=	-0.04

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.

Tech Central Accounts Receivable Related Terms

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Tech Central (Tech Central) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tech Central Inc (OTCPK:TCHC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

43537 Ridge Park Drive, Abundance Building, Temecula, CA, USA, 92590

Website

http://www.techcentralinc.com

Tech Central Inc is active in the multi-media industry in the United States. Its business involves assisting its clients in website content development, especially video shots and photography. It produces high-quality video content for corporate interviews, applications and celebrity endorsements. In addition, it offers ad copywriting and voiceovers. The company's major revenue component is the fees earned from movies and commercial video work offered to its customers in the United States.