Resortvings and Loans (NSA:RESORTSAL) Accounts Receivable : ₦0.00 Mil (As of . 20)

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What is Resortvings and Loans Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Resortvings and Loans's accounts receivables for the quarter that ended in . 20 was ₦0.00 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. Resortvings and Loans's Net-Net Working Capital per share for the quarter that ended in . 20 was ₦N/A.

Resortvings and Loans Accounts Receivable Historical Data

The historical data trend for Resortvings and Loans'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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Resortvings and Loans Accounts Receivable Chart

Resortvings and Loans Annual Data

Trend

Accounts Receivable

Resortvings and Loans Quarterly Data

Accounts Receivable

Resortvings and Loans Accounts Receivable Calculation

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

Resortvings and Loans 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.

Resortvings and Loans's Days Sales Outstanding for the quarter that ended in . 20 is calculated as:

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

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

Resortvings and Loans's Net-Net Working Capital Per Share for the quarter that ended in . 20 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)
=	(	+	0.75 *	+	0.5 *	-	N/A
-		-	)	/	0
=	N/A

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.

Resortvings and Loans Accounts Receivable Related Terms

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Resortvings and Loans Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Resort Savings and Loans PLC (NSA:RESORTSAL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12, Boyle street Onikan, Lagos, NGA

Website

http://www.resortng.com

Resort Savings and Loans PLC operates as a Mortgage bank. It is a primary Mortgage Bank (PMB) authorised to receive deposits and maintain accounts for their customers for the purpose of providing service, creating mortgage assets and other credit facilities. It provides retail Mortgage Banking Services to variety of customers to own their own houses. The bank is actively involved in the National Housing Fund loan disbursement and the monthly NHF remittance collection.

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