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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RB Global's accounts receivables for the quarter that ended in Dec. 2023 was $316 Mil.
Accounts receivable can be measured by Days Sales Outstanding. RB Global's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 27.68.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RB Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-33.50.
The historical data trend for RB Global'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.
RB Global Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 126.98 | 111.55 | 123.25 | 143.80 | 315.80 |
RB Global Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Accounts Receivable | Get a 7-Day Free Trial | 143.80 | 789.00 | 488.60 | 489.20 | 315.80 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
RB Global's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 315.8 | / | 1040.9 | * | 91 |
= | 27.68 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), RB Global's accounts receivable are only considered to be worth 75% of book value:
RB Global'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) | ||
= | (576.2 | + | 0.75 * 315.8 | + | 0.5 * 166.5 | - | 7010 |
- | 0 | - | 10.7) | / | 182.844 | ||
= | -33.50 |
* 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.
Thank you for viewing the detailed overview of RB Global's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Darren Jeffrey Watt | officer: Gen. Counsel & Corp. Secretary | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
James J Jeter | officer: President, Sales U.S. | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
Ann Fandozzi | director, officer: CEO | C/O RITCHIE BROS. AUCTIONEERS INC, 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
James Francis Kessler | officer: Chief Operating Officer | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
Timothy J. O'day | director | TWO WESTBROOK CORPORATE CENTER, SUITE 50, WESTCHESTER IL 60154 |
Baron Concors | officer: Chief Information Officer | C/O 9500 GLENLYON PARKWAY, BURNABY A0 V5J 0C6 |
Andrew John Fesler | officer: Chief People Officer | C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154 |
Megan Anne Cash | officer: Principal Fin. & Acctg Officer | C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154 |
Erik Olsson | director | C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254 |
Michael D Sieger | director | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Adam Dewitt | director | 39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60603 |
Sarah E. Raiss | director | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Carol Stephenson | director | 300 RENAISSANCE CENTER, M/C:482-C24-A68, DETROIT MI 48265-3000 |
Robert George Elton | director | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
Lisa Hook | director | NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166 |
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