Richmond Vanadium Technology (ASX:RVT) Accounts Receivable : A$0.31 Mil (As of Dec. 2023)

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What is Richmond Vanadium Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Richmond Vanadium Technology's accounts receivables for the quarter that ended in Dec. 2023 was A$0.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Richmond Vanadium Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.06.

Richmond Vanadium Technology Accounts Receivable Historical Data

The historical data trend for Richmond Vanadium Technology'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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Richmond Vanadium Technology Accounts Receivable Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.60

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Receivable	0.11	-	0.31

Richmond Vanadium Technology Accounts Receivable Calculation

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

Richmond Vanadium Technology 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.

Richmond Vanadium Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.305	/	0	*	91
=

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

Richmond Vanadium Technology's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(15.613	+	0.75 * 0.305	+	0.5 * 0	-	1.651
-	0	-	0)	/	221.833
=	0.06

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.

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Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.