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Rank Progress (WAR:RNK) Accounts Receivable : zł19.2 Mil (As of Jun. 2024)


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What is Rank Progress Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rank Progress's accounts receivables for the quarter that ended in Jun. 2024 was zł19.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rank Progress's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 142.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rank Progress's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was zł-5.60.


Rank Progress Accounts Receivable Historical Data

The historical data trend for Rank Progress'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.

Rank Progress Accounts Receivable Chart

Rank Progress Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.55 17.61 28.77 16.43 17.98

Rank Progress Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 17.89 14.86 17.98 19.18 19.20

Rank Progress Accounts Receivable Calculation

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


Rank Progress 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.

Rank Progress's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=19.198/12.332*91
=142.05

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

Rank Progress's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=(54.285+0.75 * 19.198+0.5 * 115.144-336.466
-0-0)/37.540
=-5.60

* 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.


Rank Progress Accounts Receivable Related Terms

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Rank Progress Business Description

Traded in Other Exchanges
N/A
Address
63 Z?otoryjska, Legnica, POL, 59-220
Rank Progress SA is a Poland-based company engaged in property investment and development. It is engaged in renting and operating of own or leased real property, buying and selling of own real property and development of construction projects. The company's business model based on a purchase of a real estate, land integration, administrative preparation for development, construction works, and management or sale of a property. The company is also engaged in providing rental space to shopping centers in main cities across Poland.

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