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Rithm Capital (Rithm Capital) Accounts Receivable : $377 Mil (As of Mar. 2024)


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What is Rithm Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rithm Capital's accounts receivables for the quarter that ended in Mar. 2024 was $377 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rithm Capital's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 44.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rithm Capital's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-40.37.


Rithm Capital Accounts Receivable Historical Data

The historical data trend for Rithm Capital'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.

Rithm Capital Accounts Receivable Chart

Rithm Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,664.77 251.05 203.02 235.05 377.61

Rithm Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 220.35 266.36 289.94 377.61 376.64

Rithm Capital Accounts Receivable Calculation

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


Rithm Capital 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.

Rithm Capital's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=376.643/772.035*91
=44.52

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

Rithm Capital's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(16425.751+0.75 * 376.643+0.5 * 0-34877.556
-1257.254-93.82)/483.478
=-40.37

* 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.


Rithm Capital Accounts Receivable Related Terms

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Rithm Capital (Rithm Capital) Business Description

Address
799 Broadway, New York, NY, USA, 10003
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) and loans (including single family rental), and consumer loans.
Executives
Peggy Hwan Hebard director 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Philip M Sivin officer: Chief Legal Officer RESURGENCE ASSET MANAGEMENT LLC, 10 NEW KING STREET, WHITE PLAINS NY 10604
Le Melle Patrice M director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alan L. Tyson director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Andrew Sloves director 799 BROADWAY, NEW YORK NY 10003
Pamela F Lenehan director C/O AVID TECHNOLOGY, INC., ONE PARK WEST, TEWKSBURY MA 01876
Robert Mcginnis director 2002 SUMMIT BLVD., 6TH FLOOR, ATLANTA GA 30319
Nicola Jr Santoro officer: CFO and Treasurer C/O FXCM INC, 55 WATER STREET, NEW YORK NY 10041
David Saltzman director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Nierenberg director, officer: CEO and President 799 BROADWAY, NEW YORK NY 10003
David Schneider officer: Chief Accounting Officer 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Wesley R Edens director 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Home Loan Servicing Solutions, Ltd. 10 percent owner C/O INTERTRUST CORP SERVICES CAYMAN LTD, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Kevin J Finnerty director 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Susan Givens officer: CFO and Treasurer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105