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Ruffer Investment Co (LSE:RICA) Accounts Receivable : £0.00 Mil (As of Dec. 2023)


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What is Ruffer Investment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ruffer Investment Co's accounts receivables for the quarter that ended in Dec. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ruffer Investment Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ruffer Investment Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.04.


Ruffer Investment Co Accounts Receivable Historical Data

The historical data trend for Ruffer Investment Co'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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Ruffer Investment Co Accounts Receivable Chart

Ruffer Investment Co Annual Data
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Accounts Receivable
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Ruffer Investment Co Semi-Annual Data
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Ruffer Investment Co Accounts Receivable Calculation

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


Ruffer Investment Co 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.

Ruffer Investment Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/10.315*91
=0.00

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

Ruffer Investment Co'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)
=(22.804+0.75 * 0+0.5 * 0-6.135
-0-0)/383.368
=0.04

* 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.


Ruffer Investment Co Accounts Receivable Related Terms

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Ruffer Investment Co (LSE:RICA) Business Description

Traded in Other Exchanges
Address
1 Royal Plaza, Royal Avenue, Saint Peter Port, GGY, GY1 2HL
Ruffer Investment Co Ltd is a closed-end investment company. Its principal objective is to achieve a positive total annual return. The company adopts a stock picking approach and invests across a broad range of assets, geographies and sectors including listed or quoted equities or equity related securities, options, and bonds which are issued by corporate issuers, supra-nationals or government organizations and investment in funds. It uses derivatives, including futures, options, swap agreements, structured products, warrants and forward currency contracts, for efficient portfolio management. The major part of the company's revenue comes from investment income such as dividend and interest.

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