Red River Resources (ASX:RVR) Accounts Receivable : A$1.0 Mil (As of Jun. 2022)

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What is Red River Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Red River Resources's accounts receivables for the quarter that ended in Jun. 2022 was A$1.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Red River Resources's Days Sales Outstanding for the quarter that ended in Jun. 2022 was 3.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Red River Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was A$-0.05.

Red River Resources Accounts Receivable Historical Data

The historical data trend for Red River Resources'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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Red River Resources Accounts Receivable Chart

Red River Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Accounts Receivable

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1.34

2.13

2.52

4.84

0.96

Red River Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Accounts Receivable	Get a 7-Day Free Trial															2.52	3.26	4.84	5.63	0.96

Red River Resources Accounts Receivable Calculation

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

Red River Resources 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.

Red River Resources's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.96	/	50.762	*	91
=	3.45

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

Red River Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2022 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)
=	(11.988	+	0.75 * 0.96	+	0.5 * 5.76	-	40.127
-	0	-	0)	/	518.464
=	-0.05

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.

Red River Resources Accounts Receivable Related Terms

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Red River Resources (ASX:RVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red River Resources Ltd (ASX:RVR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

18144 Flinders Highway, Thalanga Mine, Charters Towers, QLD, AUS, 4820

Website

https://www.redriverresources.com.au

Red River Resources Ltd is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. Its foundation asset is the Thalanga Base Metal Operation in Northern Queensland, where the company commenced copper, lead and zinc concentrate production in September 2017. It has acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable the company to build a multi-asset operating business focused on base and precious metals. The company operates only in the industry of exploration for and development of minerals in Australia.