RanMarine Technology BV (RanMarine Technology BV) Accounts Receivable : $0.08 Mil (As of Jun. 2023)

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What is RanMarine Technology BV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RanMarine Technology BV's accounts receivables for the quarter that ended in Jun. 2023 was $0.08 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. RanMarine Technology BV's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.79.

RanMarine Technology BV Accounts Receivable Historical Data

The historical data trend for RanMarine Technology BV'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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RanMarine Technology BV Accounts Receivable Chart

RanMarine Technology BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

0.04

0.02

0.01

0.13

RanMarine Technology BV Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial			-	0.01	0.01	0.13	0.08

RanMarine Technology BV Accounts Receivable Calculation

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

RanMarine Technology BV 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.

RanMarine Technology BV's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.08	/	0	*	91
=

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

RanMarine Technology BV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.2	+	0.75 * 0.08	+	0.5 * 0.165	-	9.2
-	0	-	0)	/	11.153
=	-0.79

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.

RanMarine Technology BV Accounts Receivable Related Terms

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RanMarine Technology BV (RanMarine Technology BV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RanMarine Technology BV (NAS:RAN) » Definitions » Accounts Receivable

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Address

Website

https://www.ranmarine.io

RanMarine Technology BV is a pioneering company specializing in the design and development of advanced technologies, including autonomous surface vessels (ASVs) for the efficient cleanup of pollution, bio-waste, and debris in various aquatic environments and waterways.

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