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Rugby Estates (LSE:RES) Accounts Receivable : £1.15 Mil (As of Jul. 2012)


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What is Rugby Estates Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rugby Estates's accounts receivables for the quarter that ended in Jul. 2012 was £1.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rugby Estates's Days Sales Outstanding for the quarter that ended in Jul. 2012 was 37.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rugby Estates's Net-Net Working Capital per share for the quarter that ended in Jul. 2012 was £3.16.


Rugby Estates Accounts Receivable Historical Data

The historical data trend for Rugby Estates'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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Rugby Estates Accounts Receivable Chart

Rugby Estates Annual Data
Trend Jan03 Jan04 Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.32 0.72 1.57 0.23 0.99

Rugby Estates Semi-Annual Data
Jul03 Jan04 Jul04 Jan05 Jul05 Jan06 Jul06 Jan07 Jul07 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12 Jul12
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 0.23 1.70 0.99 1.15

Rugby Estates Accounts Receivable Calculation

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


Rugby Estates 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.

Rugby Estates's Days Sales Outstanding for the quarter that ended in Jul. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.147/5.596*91
=37.41

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

Rugby Estates's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2012 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)
=(2.551+0.75 * 1.147+0.5 * 5.67-2.821
-0-0)/1.083
=3.16

* 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.


Rugby Estates Accounts Receivable Related Terms

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Rugby Estates (LSE:RES) Business Description

Traded in Other Exchanges
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Address
Rugby Estates PLC carries on the business of property trading, management and investment within the United Kingdom. It operates in two principal business segments. Rugby Capital deals with its property trading and development activities including the group's directly-owned portfolio and collaborative ventures substantially involving the group's equity. Rugby Asset Management deals with its co-investment and asset management activities. The Company operates within the United Kingdom.