RC365 Holding (LSE:RCGH) Accounts Receivable : £0.12 Mil (As of Sep. 2023)

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What is RC365 Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RC365 Holding's accounts receivables for the quarter that ended in Sep. 2023 was £0.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RC365 Holding's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.00.

RC365 Holding Accounts Receivable Historical Data

The historical data trend for RC365 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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RC365 Holding Accounts Receivable Chart

RC365 Holding Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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0.01

0.12

0.07

RC365 Holding Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial				0.32	0.07	-	-	0.12

RC365 Holding Accounts Receivable Calculation

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

RC365 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.

RC365 Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.119	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), RC365 Holding's accounts receivable are only considered to be worth 75% of book value:

RC365 Holding'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)
=	(2.141	+	0.75 * 0.119	+	0.5 * 0	-	2.615
-	0	-	0)	/	128.535
=	-0.00

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.

RC365 Holding Accounts Receivable Related Terms

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RC365 Holding (LSE:RCGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RC365 Holding PLC (LSE:RCGH) » Definitions » Accounts Receivable

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Traded in Other Exchanges

L2G:Germany

Address

78 Cannon Street, Cannon Place, London, GBR, EC4N 6AF

Website

https://www.rc365plc.com

RC365 Holding PLC focuses on payment gateway solutions and IT support and security services. Its segments include Payment gateway solutions (online and offline), which provide an efficient and secure payment gateway service aimed at facilitating the growing banking needs of the Asian community for cross-border payment services. IT support and security services, which provides IT technical support services, cyber security consulting services, and portal support services to its clients. The Group offers its services to a range of different customers, individuals, local SME retail groups, or cross-border customers and will continue to seek to maintain its customer-centric approach, delivering the possible service.

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