Reitmans (Canada) (Reitmans (Canada)) Accounts Receivable : $2.6 Mil (As of Jan. 2024)

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What is Reitmans (Canada) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Reitmans (Canada)'s accounts receivables for the quarter that ended in Jan. 2024 was $2.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Reitmans (Canada)'s Days Sales Outstanding for the quarter that ended in Jan. 2024 was 1.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Reitmans (Canada)'s Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-0.47.

Reitmans (Canada) Accounts Receivable Historical Data

The historical data trend for Reitmans (Canada)'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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Reitmans (Canada) Accounts Receivable Chart

Reitmans (Canada) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Receivable

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4.82

8.38

6.03

2.42

2.64

Reitmans (Canada) Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															2.42	2.86	2.70	2.71	2.64

Reitmans (Canada) Accounts Receivable Calculation

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

Reitmans (Canada) 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.

Reitmans (Canada)'s Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.639	/	164.631	*	91
=	1.46

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

Reitmans (Canada)'s Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 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)
=	(86.905	+	0.75 * 2.639	+	0.5 * 90.907	-	157.738
-	0	-	0)	/	49.2963
=	-0.47

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.

Reitmans (Canada) Accounts Receivable Related Terms

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Reitmans (Canada) (Reitmans (Canada)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (OTCPK:RTMAF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

RTMNF:USA CX40:Germany RET.A:Canada RET:Canada

Address

155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7

Website

https://www.reitmans.com

Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.

Reitmans (Canada) (Reitmans (Canada)) Headlines

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