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Response Oncology (Response Oncology) Accounts Receivable : $3.5 Mil (As of Mar. 2002)


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What is Response Oncology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Response Oncology's accounts receivables for the quarter that ended in Mar. 2002 was $3.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Response Oncology's Days Sales Outstanding for the quarter that ended in Mar. 2002 was 13.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Response Oncology's Net-Net Working Capital per share for the quarter that ended in Mar. 2002 was $-2.62.


Response Oncology Accounts Receivable Historical Data

The historical data trend for Response Oncology'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.

* Premium members only.

Response Oncology Accounts Receivable Chart

Response Oncology Annual Data
Trend Dec92 Dec93 Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 9.47 5.92

Response Oncology Quarterly Data
Jun97 Sep97 Dec97 Mar98 Jun98 Sep98 Dec98 Mar99 Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.08 9.69 8.99 5.92 3.46

Response Oncology Accounts Receivable Calculation

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


Response Oncology 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.

Response Oncology's Days Sales Outstanding for the quarter that ended in Mar. 2002 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.455/22.79*91
=13.83

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

Response Oncology's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2002 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)
=(9.008+0.75 * 3.455+0.5 * 2.496-44.66
-0.017-0.433)/12.2908
=-2.62

* 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.


Response Oncology Accounts Receivable Related Terms

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Response Oncology (Response Oncology) Business Description

Traded in Other Exchanges
N/A
Address
1775 Moriah Woods Boulevard, Memphis, TN, USA, 38117
Website
Response Oncology Inc provides cancer treatments and related services on an outpatient basis.

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