Rio Tinto (FRA:RIOA) Change In Receivables : €-383 Mil (TTM As of Dec. 2023)

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Rio Tinto Change In Receivables Definition

Rio Tinto's change in receivables for the quarter that ended in Dec. 2023 was €-378 Mil. It means Rio Tinto's Accounts Receivable increased by €378 Mil from Jun. 2023 to Dec. 2023 .

Rio Tinto's change in receivables for the fiscal year that ended in Dec. 2023 was €-383 Mil. It means Rio Tinto's Accounts Receivable increased by €383 Mil from Dec. 2022 to Dec. 2023 .

Rio Tinto's Accounts Receivable for the quarter that ended in Dec. 2023 was €2,257 Mil.

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 Receivable are being managed. Rio Tinto's Days Sales Outstanding for the six months ended in Dec. 2023 was 16.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Rio Tinto's liquidation value for the six months ended in Dec. 2023 was €-29,579 Mil.

Rio Tinto Change In Receivables Historical Data

The historical data trend for Rio Tinto's Change In Receivables 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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Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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146.70

-461.96

-324.80

18.88

-383.31

Rio Tinto Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															530.12	-121.09	139.71	-5.54	-377.80

Rio Tinto Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-383 Mil.

Rio Tinto (FRA:RIOA) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2256.737	/	25101.958	*	91
=	16.41

2. In Ben Graham's calculation of liquidation value, Rio Tinto's accounts receivable are only considered to be worth 75% of book value:

Rio Tinto's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8964.592	-	43289.736	+	0.75 * 2256.737	+	0.5 * 6106.303
=	-29,579

Rio Tinto Change In Receivables Related Terms

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Rio Tinto (FRA:RIOA) Business Description

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Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO:USA RIO N:Mexico RIOl:UK RIO:UK RIO1:Germany RIOT34:Brazil RIO:Argentina

Address

6 St James’s Square, London, GBR, SW1Y 4AD

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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