Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Resources Connection's accounts receivables for the quarter that ended in Feb. 2024 was $112.1 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Resources Connection's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 67.61.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Resources Connection's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $2.65.
Resources Connection Accounts Receivable Historical Data
The historical data trend for Resources Connection'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.
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.
Resources Connection's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Resources Connection's accounts receivable are only considered to be worth 75% of book value:
Resources Connection's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is calculated as:
* 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.
Resources Connection Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Resources Connection's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Resources Connection (Resources Connection) Business Description
Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.
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