RCM Technologies (RCM Technologies) Change In Receivables

: $-20.6 Mil (TTM As of Dec. 2023)

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RCM Technologies's change in receivables for the quarter that ended in Dec. 2023 was $-13.9 Mil. It means RCM Technologies's Accounts Receivable increased by $13.9 Mil from Sep. 2023 to Dec. 2023 .

RCM Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was $-20.6 Mil. It means RCM Technologies's Accounts Receivable increased by $20.6 Mil from Dec. 2022 to Dec. 2023 .

RCM Technologies's Accounts Receivable for the quarter that ended in Dec. 2023 was $60.0 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. RCM Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 77.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. RCM Technologies's liquidation value for the three months ended in Dec. 2023 was $-43.4 Mil.

RCM Technologies Change In Receivables Historical Data

The historical data trend for RCM Technologies'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.

* Premium members only.

RCM Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-7.63

15.95

-14.71

-1.51

-20.58

RCM Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																0.08	-8.04	-2.80	4.14	-13.88

RCM Technologies 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 quarterly data reported by the company within the most recent 12 months, which was $-20.6 Mil.

RCM Technologies (NAS:RCMT) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	60.002	/	71.028	*	91
=	77.08

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

RCM Technologies'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)
=	6.284	-	94.694	+	0.75 * 60.002	+	0.5 * 0
=	-43.4

RCM Technologies Change In Receivables Related Terms

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RCM Technologies (RCM Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » RCM Technologies Inc (NAS:RCMT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2500 McClellan Avenue, Suite 350, Pennsauken, NJ, USA, 08109-4613

Website

https://www.rcmt.com

RCM Technologies Inc is a provider of business and technology solutions designed to enhance and maximize the operational performance of its customers. It operates in three segments: Engineering, which provides a comprehensive portfolio of engineering and design services across three verticals: Energy Services, Process & Industrial, and Aerospace; Information Technology; and Specialty Health Care Services, engaged in providing the staffing of health care professionals, primarily health information management professionals, nurses, paraprofessionals, physicians, and therapists. The company generates maximum revenue from the Specialty Health Care segment. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada, Puerto Rico, and Serbia.

Executives

Kevin D Miller	officer: Chief Financial Officer	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Bradley Vizi	10 percent owner	10390 WILSHIRE BLVD, SUITE 406, LOS ANGELES CA 90024
Michael Saks	other: Sr. Vice President	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Chigozie Obinna Amadi	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Roger H Ballou	10 percent owner, other: See Explanation	C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Richard A. Genovese	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Jayanth Sree Komarneni	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Swarna Srinivas Kakodkar	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Michael Edward Boyle	officer: Division President, IT Srvs.	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Harvest Financial Corporation	other: See Explanation	1055 LPL WAY, 223 FOURTH AVENUE, FORT MILL SC 29715
Petraglia Frank William Jr	officer: Sr. Vice President	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Irs Partnership No. 19, L.p.	10 percent owner	515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071
Danny A. White	officer: Sr. Vice President	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Maier O Fein	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Michael O'connell	10 percent owner	515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071