Racing Force SpA (XPAR:ALRFG) Accounts Receivable : €11.22 Mil (As of Dec. 2023)

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What is Racing Force SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Racing Force SpA's accounts receivables for the quarter that ended in Dec. 2023 was €11.22 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Racing Force SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 40.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Racing Force SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.10.

Racing Force SpA Accounts Receivable Historical Data

The historical data trend for Racing Force SpA'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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Racing Force SpA Accounts Receivable Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

6.24

7.68

10.32

11.22

Racing Force SpA Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			7.68	10.97	10.32	13.95	11.22

Racing Force SpA Accounts Receivable Calculation

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

Racing Force SpA 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.

Racing Force SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.215	/	25.452	*	91
=	40.21

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

Racing Force SpA'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)
=	(6.107	+	0.75 * 11.215	+	0.5 * 25.101	-	29.613
-	0	-	0)	/	25.6992
=	-0.10

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.

Racing Force SpA Accounts Receivable Related Terms

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Racing Force SpA (XPAR:ALRFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (XPAR:ALRFG) » Definitions » Accounts Receivable

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Traded in Other Exchanges

RFG:Italy

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.

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