Tattooed Chef (Tattooed Chef) Accounts Receivable : $25.1 Mil (As of Mar. 2023)

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What is Tattooed Chef Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tattooed Chef's accounts receivables for the quarter that ended in Mar. 2023 was $25.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tattooed Chef's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 38.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tattooed Chef's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.81.

Tattooed Chef Accounts Receivable Historical Data

The historical data trend for Tattooed Chef'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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Tattooed Chef Accounts Receivable Chart

Tattooed Chef Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

9.44

16.28

25.12

20.98

Tattooed Chef Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial										46.32	32.32	24.04	20.98	25.13

Tattooed Chef Accounts Receivable Calculation

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

Tattooed Chef 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.

Tattooed Chef's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.128	/	59.092	*	91
=	38.80

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

Tattooed Chef's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(3.509	+	0.75 * 25.128	+	0.5 * 59.359	-	119.695
-	0	-	0.376)	/	83.6584
=	-0.81

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.

Tattooed Chef Accounts Receivable Related Terms

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Tattooed Chef (Tattooed Chef) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tattooed Chef Inc (OTCPK:TTCFQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6305 Alondra Boulevard, Paramount, CA, USA, 90723

Website

https://www.tattooedchef.com

Tattooed Chef Inc is a plant-based food company offering a broad portfolio of innovative frozen foods. The company supplies plant-based products to leading retailers in the United States, with signature products such as ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, wood fire-crusted pizza, handheld burritos, bars, and quesadillas.

Executives

Gasper Guarrasi	officer: Chief Operating Officer	235 POINSETTIA AVE., CORONA DEL MAR CA 92625
Daniel James Williamson	director	1 RICKIE LANE, LADERA RANCH CA 92694
Salvatore Galletti	director, officer: Chief Executive Officer	27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Stephanie Dieckmann	officer: Chief Operating Officer	1002 S AMBRIDGE ST, ANAHEIM CA 92806
Charles Franks Cargile	officer: Chief Financial Officer	29 HILLGRASS, IRVINE CA 92603
Thomas Matthew Williams	officer: Chief Growth Officer	527 21ST STREET, HUNTINGTON BEACH CA 92648
Bryan Stephen Rosenberg	director	2443 MYRTLE AVENUE, HERMOSA BEACH CA 90254
Ryan Matthew Olohan	director	27 SYLVAN DRIVE, PINE BROOK NJ 07058
Paula Ciaramitaro	director	2408 RUE LA CHARLENE, RANCHO PALOS VERDES CA 90275
Marie Quintero-johnson	director	3130 FERNCLIFF COMMONS, NE ATLANTA GA 30324
Jennifer Sims Fellner	director	3790 HAPPY VALLEY ROAD, LAFAYETTE CA 94549
Edward S Gelfand	director	6305 ALONDRA BLVD, PARAMOUNT CA 90723
Giuseppe Bardari	officer: President, Ittella Italy	VIA PRANGI LOTTO COLACE, PIZZO L6 89812
Sarah Galletti	officer: Director of R&D	27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Steven Berns	director	TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036