Trainline (LSE:TRN) Accounts Receivable : £59.2 Mil (As of Feb. 2024)

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What is Trainline Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Trainline's accounts receivables for the quarter that ended in Feb. 2024 was £59.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Trainline's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 54.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Trainline's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was £-0.50.

Trainline Accounts Receivable Historical Data

The historical data trend for Trainline'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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Trainline Accounts Receivable Chart

Trainline Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Accounts Receivable

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43.15

9.04

37.58

38.03

59.17

Trainline Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Accounts Receivable	Get a 7-Day Free Trial									37.58	49.52	38.03	53.83	59.17

Trainline Accounts Receivable Calculation

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

Trainline 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	59.17	/	199.786	*	91
=	54.05

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

Trainline'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)
=	(91.085	+	0.75 * 59.17	+	0.5 * 0	-	369.917
-	0	-	0)	/	471.032
=	-0.50

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.

Trainline Accounts Receivable Related Terms

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Trainline (LSE:TRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trainline PLC (LSE:TRN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TNLIF:USA TRNl:UK 2T9A:Germany

Address

120 Holborn, 3rd Floor, London, GBR, EC1N 2TD

Website

https://www.thetrainline.com

Trainline PLC is an independent rail and coach travel platform selling rail and coach tickets to millions of travellers worldwide, enabling them to seamlessly search, book and manage their journeys all in one place via its website and mobile app. The company's segment includes UK Consumer; International Consumer and Trainline Solutions. It generates maximum revenue from the UK Consumer segment.