Racing Force SpA (XPAR:ALRFG) Change In Receivables : €-3.18 Mil (TTM As of Dec. 2023)

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What is Racing Force SpA Change In Receivables?

Racing Force SpA's change in receivables for the quarter that ended in Dec. 2023 was €0.00 Mil. It means Racing Force SpA's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Racing Force SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €-1.10 Mil. It means Racing Force SpA's Accounts Receivable increased by €1.10 Mil from Dec. 2022 to Dec. 2023 .

Racing Force SpA's Accounts Receivable for the quarter that ended in Dec. 2023 was €11.22 Mil.

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 Receivable are being managed. Racing Force SpA's Days Sales Outstanding for the three months ended in Dec. 2023 was 40.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Racing Force SpA's liquidation value for the three months ended in Dec. 2023 was €-2.54 Mil.

Racing Force SpA Change In Receivables Historical Data

The historical data trend for Racing Force SpA's Change In Receivables 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 Change In Receivables Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.01

-1.50

-2.72

-1.10

Racing Force SpA Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			1.13	-3.35	0.63	-3.81	-

Racing Force SpA Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.18 Mil.

Racing Force SpA (XPAR:ALRFG) Change In Receivables 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 Receivable 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 liquidation value, Racing Force SpA's accounts receivable are only considered to be worth 75% of book value:

Racing Force SpA's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.107	-	29.613	+	0.75 * 11.215	+	0.5 * 25.101
=	-2.54

Racing Force SpA Change In Receivables Related Terms

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Racing Force SpA (XPAR:ALRFG) Business Description

Industry

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Comparable Companies

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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