Redwood Capital Bancorp (Redwood Capital Bancorp) Accounts Receivable : $11.45 Mil (As of Dec. 2023)

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What is Redwood Capital Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Redwood Capital Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $11.45 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Redwood Capital Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 88.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Redwood Capital Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-228.28.

Redwood Capital Bancorp Accounts Receivable Historical Data

The historical data trend for Redwood Capital Bancorp'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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Redwood Capital Bancorp Accounts Receivable Chart

Redwood Capital Bancorp Annual Data

Trend

Dec04

Dec05

Dec06

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.31

7.04

7.62

10.77

11.45

Redwood Capital Bancorp Semi-Annual Data
	Dec04	Dec05	Dec06	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	Get a 7-Day Free Trial			1.31	7.04	7.62	10.77	11.45

Redwood Capital Bancorp Accounts Receivable Calculation

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

Redwood Capital Bancorp 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.

Redwood Capital Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.445	/	23.479	*	91
=	88.96

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

Redwood Capital Bancorp'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)
=	(24.473	+	0.75 * 11.445	+	0.5 * 0	-	475.731
-	0	-	0)	/	1.93919
=	-228.28

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.

Redwood Capital Bancorp Accounts Receivable Related Terms

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Redwood Capital Bancorp (Redwood Capital Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Redwood Capital Bancorp (OTCPK:RWCB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

402 G Street, Eureka, CA, USA, 95501

Website

https://www.redwoodcapitalbank.com

Redwood Capital Bancorp provides various banking products and services. The company offers personal such as savings and certificates, real estate loans, and home equity loans; business services such as commercial lending, and money market accounts; online banking info, fraud prevention and other services.