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RINO International (RINO International) Accounts Receivable : $90.7 Mil (As of Sep. 2010)


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What is RINO International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RINO International's accounts receivables for the quarter that ended in Sep. 2010 was $90.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RINO International's Days Sales Outstanding for the quarter that ended in Sep. 2010 was 156.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RINO International's Net-Net Working Capital per share for the quarter that ended in Sep. 2010 was $1.88.


RINO International Accounts Receivable Historical Data

The historical data trend for RINO International'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.

* Premium members only.

RINO International Accounts Receivable Chart

RINO International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09
Accounts Receivable
- 5.62 20.84 51.50 57.81

RINO International Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.56 57.81 52.26 68.39 90.69

RINO International Accounts Receivable Calculation

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


RINO International 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.

RINO International's Days Sales Outstanding for the quarter that ended in Sep. 2010 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=90.688/52.725*91
=156.95

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

RINO International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2010 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)
=(56.123+0.75 * 90.688+0.5 * 5.546-73.121
-0-0)/28.6053
=1.88

* 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.


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.


RINO International Accounts Receivable Related Terms

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RINO International (RINO International) Business Description

Traded in Other Exchanges
N/A
Address
101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074
Website
RINO International Corp is in the business of identifying and acquiring strategic intellectual property in the agricultural technology, biotechnologies, and energy industries.
Executives
Glenn Little director, 10 percent owner, officer: CEO & CFO 211 WEST WALL ST, MIDLAND TX 70701

RINO International (RINO International) Headlines

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