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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Trade Desk's accounts receivables for the quarter that ended in Mar. 2024 was $2,619 Mil.
Accounts receivable can be measured by Days Sales Outstanding. The Trade Desk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 486.53.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Trade Desk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $1.81.
The historical data trend for The Trade Desk'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.
The Trade Desk Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 1,166.38 | 1,584.11 | 2,020.72 | 2,347.20 | 2,870.31 |
The Trade Desk Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 2,086.33 | 2,346.07 | 2,434.05 | 2,870.31 | 2,619.28 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
The Trade Desk's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 2619.28 | / | 491.253 | * | 91 |
= | 486.53 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), The Trade Desk's accounts receivable are only considered to be worth 75% of book value:
The Trade Desk's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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) | ||
= | (1419.56 | + | 0.75 * 2619.28 | + | 0.5 * 0 | - | 2497.242 |
- | 0 | - | 0) | / | 488.728 | ||
= | 1.81 |
* 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.
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.
Thank you for viewing the detailed overview of The Trade Desk's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Gokul Rajaram | director | 301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701 |
Jay R Grant | officer: Chief Legal Officer | 225 E. 79TH STREET, APT 12E, NEW YORK NY 10075 |
Laura Schenkein | officer: Chief Financial Officer | C/O THE TRADE DESK, INC., 42 NORTH CHESTNUT STREET, VENTURA CA 93001 |
Jeffrey Terry Green | director, 10 percent owner, officer: President and CEO | 42 N. CHESTNUT STREET, VENTURA CA 93001 |
Andrea Lee Cunningham | director | C/O TRADE DESK, INC., 42 N. CHESTNUT STREET, VENTURA CA 93001 |
David B Wells | director | C/O NETFLIX, INC., 100 WINCHESTER CIRCLE, LOS GATOS CA 95130 |
Lise J Buyer | director | 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043 |
David Randall Pickles | officer: Chief Technology Officer | 42 N. CHESTNUT STREET, VENTURA CA 93001 |
Blake Jeffrey Grayson | officer: Chief Financial Officer | 2212 EVERETT AVENUE E, SEATTLE WA 98102 |
Eric B Paley | director, 10 percent owner | C/O THE TRADE DESK, INC., 42 N. CHESTNUT ST., VENTURA CA 93001 |
Kathryn E Falberg | director | C/O AXOVANT SCIENCES, INC., 320 WEST 37TH STREET, 5TH FLOOR, NEW YORK NY 10018 |
Susan Vobejda | officer: Chief Marketing Officer | 130 EAST RANDOLPH STREET, 7TH FLOOR, CHICAGO IL 60601 |
Michelle Hulst | officer: Chief Operating Officer | 130 MERCHANT STREET, HONOLULU HI 96813 |
Brian John Stempeck | officer: Chief Client Officer | 42 N. CHESTNUT STREET, VENTURA CA 93001 |
Vivian Yang | officer: Chief Legal Officer | C/O VIANT TECHNOLOGY INC., 2722 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612 |
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