RITR (Reitar Logtech Holdings) Accounts Receivable : $0.08 Mil (As of Sep. 2024)

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What is Reitar Logtech Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Reitar Logtech Holdings's accounts receivables for the quarter that ended in Sep. 2024 was $0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Reitar Logtech Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Reitar Logtech Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.32.

Reitar Logtech Holdings Accounts Receivable Historical Data

The historical data trend for Reitar Logtech Holdings'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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Reitar Logtech Holdings Accounts Receivable Chart

Reitar Logtech Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

0.06

0.35

0.09

0.04

Reitar Logtech Holdings Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			-	0.09	0.09	0.04	0.08

Reitar Logtech Holdings Accounts Receivable Calculation

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

Reitar Logtech Holdings 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.

Reitar Logtech Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.077	/	24.929	*	91
=	0.56

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

Reitar Logtech Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=	(3.912	+	0.75 * 0.077	+	0.5 * 0	-	24.111
-	0	-	-0.046)	/	62.444
=	-0.32

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.

Reitar Logtech Holdings Accounts Receivable Related Terms

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Reitar Logtech Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reitar Logtech Holdings Ltd (NAS:RITR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Unit 801, 77 Hoi Bun Road, 8th Floor, Tower 2, The Quayside, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.reitar.io

Reitar Logtech Holdings Ltd provide one-stop solutions for logistics property operations in property development and redevelopment projects. It consists of two segments: construction management and engineering design services; and asset management and professional consultancy services in Hong Kong. Key revenue is generated from construction management and engineering design services.

Reitar Logtech Holdings Headlines

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