RocketFuel Blockchain (RocketFuel Blockchain) Accounts Receivable : $0.00 Mil (As of Jun. 2023)

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What is RocketFuel Blockchain Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RocketFuel Blockchain's accounts receivables for the quarter that ended in Jun. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RocketFuel Blockchain's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 0.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RocketFuel Blockchain's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.03.

RocketFuel Blockchain Accounts Receivable Historical Data

The historical data trend for RocketFuel Blockchain'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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RocketFuel Blockchain Accounts Receivable Chart

RocketFuel Blockchain Annual Data

Trend

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Accounts Receivable

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0.01

RocketFuel Blockchain Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Accounts Receivable	Get a 7-Day Free Trial															-	0.06	-	-	-

RocketFuel Blockchain Accounts Receivable Calculation

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

RocketFuel Blockchain 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.

RocketFuel Blockchain's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.001	/	0.235	*	91
=	0.39

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

RocketFuel Blockchain's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.112	+	0.75 * 0.001	+	0.5 * 0	-	1.089
-	0	-	0)	/	32.4274
=	-0.03

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.

RocketFuel Blockchain Accounts Receivable Related Terms

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RocketFuel Blockchain (RocketFuel Blockchain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RocketFuel Blockchain Inc (OTCPK:RKFL) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

201 Spear Street, Suite 1100, San Francisco, CA, USA, 94105

Website

https://www.rocketfuelblockchain.com

RocketFuel Blockchain Inc is a development-stage company that is in the process of developing check-out systems based upon blockchain technology and designed to increase speed, security, and ease of use. The company's blockchain-based check-out solution is being designed to include a single-click functionality to invoke payment conveyance with integrated consumer shipping address data. The provide payment solutions to businesses enabling them to make and receive payments with cryptocurrencies and via bank transfers, including ACH.

Executives

Peter Michael Jensen	director, officer: CEO	45 BULKLEY AVE #3, SAUSALITO CA 94965
Gert Funk	director, 10 percent owner, officer: Chief Executive Officer	C/O B4MC GOLD MINES, INC., 3651 LINDELL ROAD, LAS VEGAS NV 89103
Bennett J. Yankowitz	director, 10 percent owner, officer: President	P.O. BOX 5778, BEVERLY HILLS CA 90024
Rohan Hall	officer: CTO	29 CANOE, IRVINE CA 92618
Henrik Rouf	10 percent owner	468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210
Joseph E Page	director, 10 percent owner, officer: Chief Technical Officer	C/O B4MC GOLD MINES, INC., 3651 LINDELL ROAD, LAS VEGAS NV 89103
Carsten Jensen	10 percent owner	RUNGSTEDVEJ 127, RUNGSTED G7 2960
Saxton Capital Ltd.	10 percent owner	RUNGSTEDVEJ 127, RUNGSTED G7 2960
Henrik Oerbekker	10 percent owner	94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449
Erik Hamann Petersen	10 percent owner	C/O ULRIK LARSEN, STENVAENGET 16, HEDEHUSENE G7 DK-2640