Target Hospitality (Target Hospitality) Change In Receivables : $-25.8 Mil (TTM As of Dec. 2023)

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What is Target Hospitality Change In Receivables?

Target Hospitality's change in receivables for the quarter that ended in Dec. 2023 was $-8.1 Mil. It means Target Hospitality's Accounts Receivable increased by $8.1 Mil from Sep. 2023 to Dec. 2023 .

Target Hospitality's change in receivables for the fiscal year that ended in Dec. 2023 was $-25.8 Mil. It means Target Hospitality's Accounts Receivable increased by $25.8 Mil from Dec. 2022 to Dec. 2023 .

Target Hospitality's Accounts Receivable for the quarter that ended in Dec. 2023 was $67.1 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. Target Hospitality's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Target Hospitality's liquidation value for the three months ended in Dec. 2023 was $-162.8 Mil.

Target Hospitality Change In Receivables Historical Data

The historical data trend for Target Hospitality'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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Target Hospitality Change In Receivables Chart

Target Hospitality Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.59

15.99

-1.00

-13.69

-25.80

Target Hospitality Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.51	-11.01	-0.54	-6.13	-8.12

Target Hospitality 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.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25.8 Mil.

Target Hospitality (NAS:TH) 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.

Target Hospitality's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	67.092	/	126.22	*	91
=	48.50

2. In Ben Graham's calculation of liquidation value, Target Hospitality's accounts receivable are only considered to be worth 75% of book value:

Target Hospitality's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	103.929	-	317.046	+	0.75 * 67.092	+	0.5 * 0
=	-162.8

Target Hospitality Change In Receivables Related Terms

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Target Hospitality (Target Hospitality) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Target Hospitality Corp (NAS:TH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

9320 Lakeside Boulevard, Suite 300, The Woodlands, Houston, TX, USA, 77381

Website

https://www.targethospitality.com

Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists primarily of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.

Executives

Eric Kalamaras	officer: EVP and CFO	ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Troy C. Schenk	officer: Chief Commercial Officer	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jason Paul Vlacich	officer: Chief Accounting Officer	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Alejandro Hernandez	director	12500 BALTIMORE AVENUE, BELTSVILLE MD 20750
James B. Archer	director, officer: President and CEO	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jeffrey Sagansky	director	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Pamela H. Patenaude	director	26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610
Tdr Capital Ii Investments Lp	10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Manjit Dale	10 percent owner	C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU
Capital Llp Tdr	10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Stephen Robertson	director, 10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Arrow Holdings S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453
Modulaire Holding S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Global S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Limited Partnership Slp	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453