Regional Express Holdings (ASX:REX) Accounts Receivable : A$40.2 Mil (As of Dec. 2023)

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What is Regional Express Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Regional Express Holdings's accounts receivables for the quarter that ended in Dec. 2023 was A$40.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Regional Express Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 21.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Regional Express Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-4.11.

Regional Express Holdings Accounts Receivable Historical Data

The historical data trend for Regional Express Holdings'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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Regional Express Holdings Accounts Receivable Chart

Regional Express Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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8.58

5.89

5.13

25.25

30.53

Regional Express Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															34.83	25.25	34.98	30.53	40.20

Regional Express Holdings Accounts Receivable Calculation

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

Regional Express Holdings 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.

Regional Express Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.201	/	346.612	*	91
=	21.17

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

Regional Express Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(79.497	+	0.75 * 40.201	+	0.5 * 3.892	-	580.776
-	0	-	0)	/	114.241
=	-4.11

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.

Regional Express Holdings Accounts Receivable Related Terms

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Regional Express Holdings (ASX:REX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Regional Express Holdings Ltd (ASX:REX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

81-83 Baxter Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.rex.com.au

Regional Express Holdings Ltd is an Australian-based airline company. The company is engaged in the provision of air services for the transportation of passengers and freight. Its operating segment includes Regular public transport, Charter and other, and Training. The company generates maximum revenue from the Regular public transport segment. Some of its services include Web Check-in; Print Invoices; Safe Hand Baggage; Travel Insurance and others.