Tectonic Financial (Tectonic Financial) Change In Receivables : $0.00 Mil (TTM As of Mar. 2019)

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What is Tectonic Financial Change In Receivables?

Tectonic Financial's change in receivables for the quarter that ended in Mar. 2019 was $0.00 Mil. It means Tectonic Financial's Accounts Receivable stayed the same from Mar. 2018 to Mar. 2019 .

Tectonic Financial's change in receivables for the fiscal year that ended in . 20 was $0.00 Mil. It means Tectonic Financial's Accounts Receivable stayed the same from . 20 to . 20 .

Tectonic Financial's Accounts Receivable for the quarter that ended in Mar. 2019 was $2.07 Mil.

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 Receivable are being managed. Tectonic Financial's Days Sales Outstanding for the six months ended in Mar. 2019 was 72.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tectonic Financial's liquidation value for the six months ended in Mar. 2019 was $-255.08 Mil.

Tectonic Financial Change In Receivables Historical Data

The historical data trend for Tectonic Financial's Change In Receivables 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 Change In Receivables Chart

Tectonic Financial Annual Data

Trend

Change In Receivables

Tectonic Financial Semi-Annual Data
	Mar18	Mar19
Change In Receivables	-	-

Tectonic Financial Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2019 was $0.00 Mil.

Tectonic Financial (NAS:TECTP.PFD) Change In Receivables 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 Receivable 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 liquidation value, Tectonic Financial's accounts receivable are only considered to be worth 75% of book value:

Tectonic Financial's liquidation value for the quarter that ended in Mar. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	23.8	-	280.43	+	0.75 * 2.072	+	0.5 * 0
=	-255.08

Tectonic Financial Change In Receivables 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 » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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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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