Richardson Electronics (Richardson Electronics) Accounts Receivable

: $29.1 Mil (As of Feb. 2024)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Richardson Electronics's accounts receivables for the quarter that ended in Feb. 2024 was $29.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Richardson Electronics's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 50.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Richardson Electronics's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $4.35.

Richardson Electronics Accounts Receivable Historical Data

The historical data trend for Richardson Electronics'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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Richardson Electronics Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Receivable

24.30

20.20

25.10

29.88

30.07

Richardson Electronics Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable																42.15	30.07	25.58	23.91	29.13

Richardson Electronics Accounts Receivable Calculation

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

Richardson Electronics 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.

Richardson Electronics's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.131	/	52.375	*	91
=	50.75

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

Richardson Electronics's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(18.88	+	0.75 * 29.131	+	0.5 * 112.635	-	34.984
-	0	-	0)	/	14.2784
=	4.35

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.

Richardson Electronics Accounts Receivable Related Terms

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Richardson Electronics (Richardson Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Richardson Electronics Ltd (NAS:RELL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

RE3:Germany

Address

40W267 Keslinger Road, P.O. Box 393, LaFox, IL, USA, 60147-0393

Website

https://www.rell.com

Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.

Executives

Robert H Kluge	director	C/O RICHARDSON ELECTRONICS, LTD., 40W267 KESLINGER ROAD P.O. BOX 393, LAFOX IL 60147
Kathleen Mcnally	officer: Sr. VP Global Supply Chain	C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147-0393
Wendy Diddell	officer: EVP Corporate Development	C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Gregory J Peloquin	officer: EVP, EDG	40W267 KESLINGER RD, P O BOX 393, LAFOX IL 60147-0393
Paul J Plante	director	C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER RD., LAFOX IL 60147
Jacques Belin	director	40W267 KESLINGER RD., LAFOX IL 60147
James Benham	director	40W267 KESLINGER RD., LAFOX IL 60147
Kenneth Halverson	director	40W267 KESLINGER RD., LAFOX IL 60147
Jens Frank Ruppert	officer: EVP Canvys	40W267 KESLINGER ROAD, P.O. BOX 393, LAFOX IL 60147
Robert J Ben	officer: CFO, CAO, Corporate Secretary	40W267 KESLINGER ROAD PO BOX 393, LAFOX IL 60147
Fitzgerald Patrick Thomas Iii	officer: EVP Healthcare	40W267 KESLINGER ROAD, P.O. BOX 393, LAFOX IL 60147
James Dudek	officer: Controller & Chief Accounting	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Kathleen S Dvorak	officer: EVP & CFO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Edward J Richardson	director, 10 percent owner, officer: Chairman & CEO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Sandeep Beotra	officer: EVP Mergers & Acquisitions	40W267 KESLINGER RD., LAFOX IL 60147