Tectonic Financial (Tectonic Financial) Accounts Receivable : $2.07 Mil (As of Mar. 2019)

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What is Tectonic Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tectonic Financial's accounts receivables for the quarter that ended in Mar. 2019 was $2.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tectonic Financial's Days Sales Outstanding for the quarter that ended in Mar. 2019 was 72.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tectonic Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was $N/A.

Tectonic Financial Accounts Receivable Historical Data

The historical data trend for Tectonic Financial'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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Tectonic Financial Accounts Receivable Chart

Tectonic Financial Annual Data

Trend

Accounts Receivable

Tectonic Financial Semi-Annual Data
	Mar18	Mar19
Accounts Receivable	-	2.07

Tectonic Financial Accounts Receivable Calculation

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

Tectonic Financial 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.

Tectonic Financial's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.072	/	5.192	*	91
=	72.83

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

Tectonic Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(23.8	+	0.75 * 2.072	+	0.5 * 0	-	280.43
-	0	-	0)	/	0
=	N/A

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.

Tectonic Financial Accounts Receivable Related Terms

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Tectonic Financial (Tectonic Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tectonic Financial Inc (NAS:TECTP.PFD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16200 Dallas Parkway, Suite 190, Dallas, TX, USA, 75248

Website

https://www.t.financial

Tectonic Financial Inc is a financial holding company that offers banking, trust, investment advisory, securities brokerage, and insurance services to high net worth individuals, small businesses, and institutions. It operates through three business segments including Banking; Other Financial Services and HoldCo. The company generates maximum revenue from the Banking segment.

Executives

George L Ball	director, officer: Executive Co-Chairman	C/O SANDERS MORRIS HARRIS INC 600 TRAVIS #3100 HOUSTON TX 77002
A Haag Sherman	director, 10 percent owner, officer: Chairman	600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002

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