Reliance Worldwide (Reliance Worldwide) Accounts Receivable : $216 Mil (As of Dec. 2023)

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What is Reliance Worldwide Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Reliance Worldwide's accounts receivables for the quarter that ended in Dec. 2023 was $216 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Reliance Worldwide's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 66.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Reliance Worldwide's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.59.

Reliance Worldwide Accounts Receivable Historical Data

The historical data trend for Reliance Worldwide'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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Reliance Worldwide Accounts Receivable Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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155.75

157.99

199.56

240.62

240.02

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										237.60	240.62	243.75	240.02	216.25

Reliance Worldwide Accounts Receivable Calculation

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

Reliance Worldwide 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.

Reliance Worldwide's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	216.253	/	589.529	*	91
=	66.95

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

Reliance Worldwide's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(27.165	+	0.75 * 216.253	+	0.5 * 292.876	-	800.235
-	0	-	0)	/	790.095
=	-0.59

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.

Reliance Worldwide Accounts Receivable Related Terms

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Reliance Worldwide (Reliance Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (OTCPK:RLLWF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

0EU:Germany RWC:Australia

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.