Reading International (Reading International) Accounts Receivable

: $7.6 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Reading International's accounts receivables for the quarter that ended in Dec. 2023 was $7.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Reading International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Reading International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-21.50.

Reading International Accounts Receivable Historical Data

The historical data trend for Reading 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.

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Reading International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

7.09

2.44

5.36

6.21

7.56

Reading International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																6.21	4.86	5.45	5.78	7.56

Reading International Accounts Receivable Calculation

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

Reading 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.

Reading International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.561	/	45.319	*	91
=	15.22

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

Reading International'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)
=	(12.923	+	0.75 * 7.561	+	0.5 * 1.648	-	500.055
-	0	-	-0.091)	/	22.3471
=	-21.50

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.

Reading International Accounts Receivable Related Terms

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Reading International (Reading International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Reading International Inc (NAS:RDI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

RDIB:USA 46B:Germany

Address

189 Second Avenue, Suite 2S, New York, NY, USA, 10003

Website

http://www.readingrdi.com

Reading International Inc is a diversified company, engaged in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through two segments: the Cinema segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, and City Cinemas; the Real Estate segment includes real estate development and the rental or licensing of retail, commercial, and live theater assets.

Executives

Mark Cuban	10 percent owner	5424 DELOACHE AVENUE, DALLAS TX 75220
Robert F Smerling	officer: President - Domestic Cinemas	500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
Ellen M Cotter	officer: COO - Domestic Cinemas	C/O READING INTERNATIONAL, 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
Margaret Cotter	director	500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
James J. Cotter Living Trust	10 percent owner, other: Member of Sec.13(d)(3) Group	6100 CENTER DRIVE, SUITE 900, LOS ANGELES CA 90045
Edward Lewis Kane	director	7405 HIGH AVE, LAJOLLA CA 92037
Gilbert Avanes	officer: Vice President, FP & A	5236 MARYLAND AVE, LA CRESCENTA CA 91214
Douglas James Mceachern	director	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 90814
Devasis Ghose	officer: Chief Financial Officer	1155 VALLEY STREET, SUITE 400, SEATTLE WA 98109
Cotter James J Jr	director, 10 percent owner, officer: See Remarks	C/O READING INTERNATIONAL, INC., 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
Sidney Craig Tompkins	officer: EVP, General Counsel	5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230
Steven John Lucas	officer: VP, Controller & CAO	32 IZARD ROAD, KHANDALLAH, WELLINGTON Q2 6035
Matthew Benedict Bourke	officer: Mang Dir-Real Estate- Aus & NZ	4 LUCAS STREET, EAST BRIGHTON, MELBOURNE C3 3187
Michael J. Wrotniak	director	32 ELMSMERE ROAD, MOUNT VERNON NY 10552
Judy Bond Codding	director	2266 CANYONBACK ROAD, LOS ANGELES CA 90049