Raffles Financial Group (Raffles Financial Group) Accounts Receivable : $0.00 Mil (As of Mar. 2021)

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What is Raffles Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Raffles Financial Group's accounts receivables for the quarter that ended in Mar. 2021 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Raffles Financial Group's Days Sales Outstanding for the quarter that ended in Mar. 2021 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. Raffles Financial Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $0.53.

Raffles Financial Group Accounts Receivable Historical Data

The historical data trend for Raffles Financial Group'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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Raffles Financial Group Accounts Receivable Chart

Raffles Financial Group Annual Data

Trend

Jun19

Accounts Receivable

5.58

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Accounts Receivable	Get a 7-Day Free Trial					1.27	0.47	-	-	-

Raffles Financial Group Accounts Receivable Calculation

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

Raffles Financial Group 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.

Raffles Financial Group's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	2.235	*	91
=	0.00

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

Raffles Financial Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 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)
=	(31.237	+	0.75 * 0	+	0.5 * 0	-	4.934
-	0	-	0)	/	50.08
=	0.53

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.

Raffles Financial Group Accounts Receivable Related Terms

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Raffles Financial Group (Raffles Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (OTCPK:RAFFF) » Definitions » Accounts Receivable

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (Raffles Financial Group) Headlines

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