Ryde Group (Ryde Group) Accounts Receivable : $0.02 Mil (As of Dec. 2023)

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What is Ryde Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ryde Group's accounts receivables for the quarter that ended in Dec. 2023 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ryde Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ryde Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.43.

Ryde Group Accounts Receivable Historical Data

The historical data trend for Ryde Group'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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Ryde Group Accounts Receivable Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.05

0.02

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	0.01	0.05	0.02

Ryde Group Accounts Receivable Calculation

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

Ryde Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.023	/	6.506	*	91
=	0.65

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

Ryde Group'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)
=	(1.272	+	0.75 * 0.023	+	0.5 * 0	-	9.473
-	0	-	-0.059)	/	19.1134
=	-0.43

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.

Ryde Group Accounts Receivable Related Terms

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Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

D0S:Germany

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group (Ryde Group) Headlines

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