Red Violet (Red Violet) Accounts Receivable : $7.14 Mil (As of Dec. 2023)

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What is Red Violet Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Red Violet's accounts receivables for the quarter that ended in Dec. 2023 was $7.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Red Violet's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Red Violet's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $2.18.

Red Violet Accounts Receivable Historical Data

The historical data trend for Red Violet'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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Red Violet Accounts Receivable Chart

Red Violet Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.54

3.20

3.74

5.54

7.14

Red Violet 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															5.54	5.89	6.56	6.81	7.14

Red Violet Accounts Receivable Calculation

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

Red Violet 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.135	/	15.061	*	91
=	43.23

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

Red Violet'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)
=	(32.032	+	0.75 * 7.135	+	0.5 * 0	-	6.878
-	0	-	0)	/	13.9708
=	2.18

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.

Red Violet Accounts Receivable Related Terms

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Red Violet (Red Violet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Violet Inc (NAS:RDVT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2KH:Germany

Address

2650 North Military Trail, Suite 300, Boca Raton, FL, USA, 33431

Website

https://www.redviolet.com

Red Violet Inc is a software and services company. It specializes in big data analysis, providing cloud-based, mission-critical information solutions to enterprises in a variety of industries. Through its CORE data fusion platform, it provides mission-critical information about individuals, businesses, and assets.

Executives

Michael Brauser	10 percent owner	4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137
Greater Miami Jewish Federation, Inc.	10 percent owner	4200 BISCAYNE BLVD., MIAMI FL 33137
Lisa M. Stanton	director	17064 CROSSGATE DRIVE, JUPITER FL 33477
Peter Benz	director	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Derek Dubner	director, officer: Chief Executive Officer	2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
James Patrick Reilly	officer: President	2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Daniel Maclachlan	officer: Chief Financial Officer	2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Robert Swayman	director	5022 NW 102 DRIVE, CORAL SPRINGS FL 33076
Ryan Schulke	10 percent owner	C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Steven D Rubin	director	OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Jinbo Wang	officer: Chief Accounting Officer, other: Principal Accounting Officer	C/O TIGER MEDIA, INC. ROOM 1705, 511 WEIHAI ROAD, JING AN DISTRICT, SHANGHAI F4 200041
Jeffrey Alan Dell	officer: Chief Information Officer	C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431