TPI Composites (TPI Composites) Change In Receivables : $23 Mil (TTM As of Mar. 2024)

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What is TPI Composites Change In Receivables?

TPI Composites's change in receivables for the quarter that ended in Mar. 2024 was $8 Mil. It means TPI Composites's Accounts Receivable declined by $8 Mil from Dec. 2023 to Mar. 2024 .

TPI Composites's change in receivables for the fiscal year that ended in Dec. 2023 was $18 Mil. It means TPI Composites's Accounts Receivable declined by $18 Mil from Dec. 2022 to Dec. 2023 .

TPI Composites's Accounts Receivable for the quarter that ended in Mar. 2024 was $126 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. TPI Composites's Days Sales Outstanding for the three months ended in Mar. 2024 was 38.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TPI Composites's liquidation value for the three months ended in Mar. 2024 was $-712 Mil.

TPI Composites Change In Receivables Historical Data

The historical data trend for TPI Composites'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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TPI Composites Change In Receivables Chart

TPI Composites Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-19.37

42.99

-34.72

-42.03

17.54

TPI Composites Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															2.13	16.24	9.76	-10.58	7.66

TPI Composites 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $23 Mil.

TPI Composites (NAS:TPIC) 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.

TPI Composites's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	125.87	/	299.062	*	91
=	38.41

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

TPI Composites's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	116.85	-	929.92	+	0.75 * 125.87	+	0.5 * 13.679
=	-712

TPI Composites Change In Receivables Related Terms

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TPI Composites (TPI Composites) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TPI Composites Inc (NAS:TPIC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

GX6:Germany

Address

8501 North Scottsdale Road, Gainey Center II, Suite 100, Scottsdale, AZ, USA, 85253

Website

https://www.tpicomposites.com

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

Executives

Ryan D. Miller	officer: Chief Financial Officer	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE, SUITE 100, SCOTTSDALE AZ 85253
Tyrone Michael Jordan	director	8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
William E Siwek	officer: CFO	C/O TPI COMPISITES, INC., 8501 N. SCOTTSDALE RD, SUITE 280, SCOTTSDALE AZ 85253
Jerrold I Lavine	officer: President, Transportation	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SCOTTSDALE AZ 85253
Oaktree Power Opportunities Fund V (delaware) Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Phoenix Investment Fund, L.p.	10 percent owner	333 S. GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071
Steven C Lockard	director, officer: President and CEO	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Andrew Moir	director	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Lance Morell Marram	officer: Chief Commercial Officer	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Peter Joseph Jonna	director	11611 SAN VICENTE BLVD SUITE 700, LOS ANGELES CA 90049
James Alton Hughes	director	350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Daniel G Weiss	director, 10 percent owner	8501 N. SCOTTSDALE ROAD, GAINEY CENTER II, SUITE 100, SCOTTSDALE AZ 85253
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071