RGFC (The Real Good Food Co) Accounts Receivable: $29.8 Mil (As of Sep. 2023)

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RGFC The Real Good Food Co Inc RGFC
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What is The Real Good Food Co Accounts Receivable?

The Real Good Food Co RGFC 14 Accounts Receivable is $29.8 Mil as of Sep. 2023. GuruFocus rates RGFC with a GF Score™ of 14/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Real Good Food Co's accounts receivables for the quarter that ended in Sep. 2023 was $29.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Real Good Food Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 48.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Real Good Food Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-74.96.


The Real Good Food Co 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.

The Real Good Food Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=29.829/55.565*91
=48.99

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

The Real Good Food Co'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)
=(0.078+0.75 * 29.829+0.5 * 58.133-195.428
-0--72.321)/0.955
=-74.96

* 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.


The Real Good Food Co Accounts Receivable Related Terms


The Real Good Food Co Accounts Receivable Historical Data

* Premium members only.

The historical data trend for The Real Good Food Co'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.

The Real Good Food Co Accounts Receivable Chart

The Real Good Food Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
2.53 3.53 8.97 20.32

The Real Good Food Co Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 17.51 20.32 19.91 22.90 29.83
RGFC
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The Real Good Food Co Inc RGFC
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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The Real Good Food Co Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $29.8 Mil mean?
The Real Good Food Co (RGFC) has a Accounts Receivable of $29.8 Mil as of Sep. 2023. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on The Real Good Food Co and its competitors.
Is The Real Good Food Co's Accounts Receivable too high?
The Real Good Food Co's current Accounts Receivable is $29.8 Mil. Overall, The Real Good Food Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does The Real Good Food Co's Accounts Receivable compare to PLAG and NAII?
The Real Good Food Co's Accounts Receivable of $29.8 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on The Real Good Food Co and its competitors. The Real Good Food Co's current Accounts Receivable is $29.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Real Good Food Co stock overvalued right now?
The Real Good Food Co (RGFC) has a current Accounts Receivable of $29.8 Mil. The current Accounts Receivable is $29.8 Mil. The Real Good Food Co's overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For The Real Good Food Co (RGFC), the current Accounts Receivable is $29.8 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Real Good Food Co Business Description

Address 3 Executive Campus, Suite 155, Cherry Hill, NJ, USA, 08002
The Real Good Food Co Inc is a frozen food company that develops, markets, and manufactures foods high in protein, low in sugar, and gluten- and grain-free. The company produces breakfast sandwiches, entrees, and other products, primarily sold in the U.S. frozen food category. All of its revenue is derived from the United States.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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