Response Plus Holding (ADX:RPM) Accounts Receivable : د.إ117.8 Mil (As of Jun. 2024)

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What is Response Plus Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Response Plus Holding's accounts receivables for the quarter that ended in Jun. 2024 was د.إ117.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Response Plus Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 102.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Response Plus Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was د.إ-0.03.

Response Plus Holding Accounts Receivable Historical Data

The historical data trend for Response Plus Holding'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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Response Plus Holding Accounts Receivable Chart

Response Plus Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.63

123.48

64.97

93.68

Response Plus Holding Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			95.86	64.97	108.65	93.68	117.83

Response Plus Holding Accounts Receivable Calculation

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

Response Plus Holding 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.

Response Plus Holding's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	117.827	/	209.224	*	91
=	102.78

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

Response Plus Holding's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(16.38	+	0.75 * 117.827	+	0.5 * 10.192	-	115.024
-	0	-	0)	/	200.000
=	-0.03

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.

Response Plus Holding Accounts Receivable Related Terms

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Response Plus Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Response Plus Holding (ADX:RPM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burjeel Medical City, MBZ City, P.O. Box 130336, Zone D, 3rd Floor, Abu Dhabi, ARE

Website

https://rpm.ae

Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The company's business activities are; healthcare services, investment in the healthcare-related business, investing in real estate and movables necessary for carrying out its activities, and management of affiliated companies. Geographically, it operates in the following markets; United Arab Emirates, Kingdom of Saudi Arabia, and Sultanate of Oman. Out of which a majority of its revenue comes from the United Arab Emirates market.