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VCTL (Rainmaker Systems) Accounts Receivable : $1.26 Mil (As of Sep. 2014)


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What is Rainmaker Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rainmaker Systems's accounts receivables for the quarter that ended in Sep. 2014 was $1.26 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rainmaker Systems's Days Sales Outstanding for the quarter that ended in Sep. 2014 was 61.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rainmaker Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was $-0.58.


Rainmaker Systems Accounts Receivable Historical Data

The historical data trend for Rainmaker Systems'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.

Rainmaker Systems Accounts Receivable Chart

Rainmaker Systems Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.60 6.89 4.59 3.72 3.55

Rainmaker Systems Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 4.16 3.55 2.48 1.79 1.26

Rainmaker Systems Accounts Receivable Calculation

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


Rainmaker Systems 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.

Rainmaker Systems's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.262/1.882*91
=61.19

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

Rainmaker Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 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)
=(0.17+0.75 * 1.262+0.5 * 0-25.694
-0-0)/42.259
=-0.58

* 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.


Rainmaker Systems Accounts Receivable Related Terms

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Rainmaker Systems Business Description

Traded in Other Exchanges
N/A
Address
1821 S. Bascom Avenue, Suite 385, Campbell, CA, USA, 95008
Rainmaker Systems Inc is a learning management solution provider to organizations of all size across the technology, financial services, biosciences, human resources, and consulting industries, among others.
Executives
Eric Salzman director C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Gary S Briggs director 117 ADAMS STREET, C/O ETSY, BROOKLYN NY 11201
Timothy Burns officer: Acting Chief Financial Officer 900 E. HAMILTON AVENUE, SUITE 400, CAMPBELL CA 95008
Charles Geiger director C/O CHEGG, INC., 3990 FREEDOM CIRCLE, SANTA CLARA CA 95054
Steve Valenzuela officer: Chief Financial Officer 1800 GREEN HILLS ROAD, SCOTTS VALLEY CA 95066
Diker Management Llc 10 percent owner 570 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Martin Hernandez officer: President C/O WESTELL TECHNOLOGIES, INC. 750 NORTH COMMONS DRIVE AURORA IL 60504
Hebb Donald B Jr 10 percent owner 400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Timothy T Weglicki 10 percent owner 400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Phillip A Clough director, 10 percent owner 400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Stobo John D Jr 10 percent owner 400 EAST PRATT STREET, SUITE 910, BALTIMORE MD 21202
Abs Capital Partners Iii L P 10 percent owner 1 SOUTH STREET, 25TH FLOOR, BALTIMORE MD 21202
Abs Partners Iii Llc 10 percent owner
Urioste George De director 2118 WALSH AVENUE, SUITE 210, SANTA CLARA CA 95050

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