The Real Good Food Company (The Real Good Food Company) Accounts Receivable : $29.8 Mil (As of Sep. 2023)

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What is The Real Good Food Company Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Real Good Food Company's accounts receivables for the quarter that ended in Sep. 2023 was $29.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Real Good Food Company's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 48.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Real Good Food Company's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-6.25.

The Real Good Food Company Accounts Receivable Historical Data

The historical data trend for The Real Good Food Company'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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The Real Good Food Company Accounts Receivable Chart

The Real Good Food Company Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

2.53

3.53

8.97

20.32

The Real Good Food Company Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial										17.51	20.32	19.91	22.90	29.83

The Real Good Food Company Accounts Receivable Calculation

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

The Real Good Food Company 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.

The Real Good Food Company's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.829	/	55.565	*	91
=	48.99

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

The Real Good Food Company's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.078	+	0.75 * 29.829	+	0.5 * 58.133	-	195.428
-	0	-	-72.321)	/	11.4542
=	-6.25

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.

The Real Good Food Company Accounts Receivable Related Terms

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The Real Good Food Company (The Real Good Food Company) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Real Good Food Company Inc (NAS:RGF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Executive Campus, Suite 155, Cherry Hill, NJ, USA, 08002

Website

https://www.realgoodfoods.com

The Real Good Food Company Inc is an innovative, high-growth, branded, health- and wellness-focused frozen food company. It develops, markets, and manufactures delicious and convenient comfort foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients that are intended to be sold in the health and wellness segment of the frozen food category. All of its revenue is derived from the United States.

Executives

Bryan T. Freeman	director, 10 percent owner, officer: See Remarks	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
David Kanen	10 percent owner	6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Focused Growth & Income Fund	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Philotimo Fund, Lp	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Mark Joseph Nelson	director	LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Gerard Garfield Law	director, officer: See Remarks	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
De Cardenas Gilbert B.	director	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Akshay Jagdale	officer: Chief Financial Officer	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Strand Equity Partners Iii, Llc	10 percent owner	1888 CENTURY PARK EAST, SUITE 1440, LOS ANGELES CA 90067
Josh Schreider	10 percent owner	3 EXECUTIVE CAMPUS, SUITE 155, CHERRYL HILL NJ 08002
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Andrew J Stiffelman	10 percent owner, officer: See Remarks	3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Deanna T Brady	director	1 HORMEL STREET, AUSTIN MN 55912
Seth Rodsky	10 percent owner	1888 CENTURY PARK EAST, SUITE 1440, LOS ANGELES CA 90067