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Residential Secureome (CHIX:RESIL) Accounts Receivable : £0.00 Mil (As of Sep. 2023)


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What is Residential Secureome Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Residential Secureome's accounts receivables for the quarter that ended in Sep. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Residential Secureome's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Residential Secureome's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-1.17.


Residential Secureome Accounts Receivable Historical Data

The historical data trend for Residential Secureome'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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Residential Secureome Accounts Receivable Chart

Residential Secureome Annual Data
Trend Jun17 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
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Residential Secureome Quarterly Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Residential Secureome Accounts Receivable Calculation

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


Residential Secureome 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.

Residential Secureome's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/7.97*91
=0.00

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

Residential Secureome's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(3.223+0.75 * 0+0.5 * 0-220.754
-0-0)/185.163
=-1.17

* 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.


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.


Residential Secureome Accounts Receivable Related Terms

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Residential Secureome (CHIX:RESIL) Business Description

Traded in Other Exchanges
Address
The Pavilions, Bridgwater Road, Bristol, GBR, BS13 8FD
Residential Secure Income PLC is a closed-ended company established to invest in Social Housing as a real estate investment trust. The company invests in residential asset classes that comprise the stock of registered UK social housing providers, Housing Associations, and Local Authorities. Its only operating segment being an investment property. Geographically, it operates only in the United Kingdom.

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