Raffles Financial Group (XCNQ:RICH) Change In Receivables : C$7.96 Mil (TTM As of Mar. 2021)

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What is Raffles Financial Group Change In Receivables?

Raffles Financial Group's change in receivables for the quarter that ended in Mar. 2021 was C$-0.94 Mil. It means Raffles Financial Group's Accounts Receivable increased by C$0.94 Mil from Dec. 2020 to Mar. 2021 .

Raffles Financial Group's change in receivables for the fiscal year that ended in Jun. 2019 was C$-7.74 Mil. It means Raffles Financial Group's Accounts Receivable increased by C$7.74 Mil from . 20 to Jun. 2019 .

Raffles Financial Group's Accounts Receivable for the quarter that ended in Mar. 2021 was C$0.00 Mil.

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 Receivable are being managed. Raffles Financial Group's Days Sales Outstanding for the three months ended in Mar. 2021 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Raffles Financial Group's liquidation value for the three months ended in Mar. 2021 was C$33.06 Mil.

Raffles Financial Group Change In Receivables Historical Data

The historical data trend for Raffles Financial Group's Change In Receivables 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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Raffles Financial Group Change In Receivables Chart

Raffles Financial Group Annual Data

Trend

Jun19

Change In Receivables

-7.74

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Change In Receivables	Get a 7-Day Free Trial					-1.65	8.27	0.63	-	-0.94

Raffles Financial Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was C$7.96 Mil.

Raffles Financial Group (XCNQ:RICH) Change In Receivables 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 Receivable are being managed.

Raffles Financial Group's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	2.809	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Raffles Financial Group's accounts receivable are only considered to be worth 75% of book value:

Raffles Financial Group's liquidation value for the quarter that ended in Mar. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	39.262	-	6.202	+	0.75 * 0	+	0.5 * 0
=	33.06

Raffles Financial Group Change In Receivables Related Terms

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Raffles Financial Group (XCNQ:RICH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (XCNQ:RICH) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (XCNQ:RICH) Headlines

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