ReadCloud (ASX:RCL) Accounts Receivable : A$0.82 Mil (As of Sep. 2023)

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What is ReadCloud Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ReadCloud's accounts receivables for the quarter that ended in Sep. 2023 was A$0.82 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ReadCloud's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 72.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ReadCloud's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was A$-0.01.

ReadCloud Accounts Receivable Historical Data

The historical data trend for ReadCloud'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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ReadCloud Accounts Receivable Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Accounts Receivable

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0.07

0.18

0.49

0.43

0.82

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial						0.49	2.19	0.43	3.01	0.82

ReadCloud Accounts Receivable Calculation

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

ReadCloud 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.

ReadCloud's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.824	/	2.079	*	91
=	72.33

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

ReadCloud's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1.709	+	0.75 * 0.824	+	0.5 * 0	-	4.41
-	0	-	0)	/	146.205
=	-0.01

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.

ReadCloud Accounts Receivable Related Terms

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ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.