Raiz Invest (ASX:RZI) Accounts Receivable : A$4.03 Mil (As of Dec. 2023)

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What is Raiz Invest Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Raiz Invest's accounts receivables for the quarter that ended in Dec. 2023 was A$4.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Raiz Invest's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 73.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Raiz Invest's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.05.

Raiz Invest Accounts Receivable Historical Data

The historical data trend for Raiz Invest'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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Raiz Invest Accounts Receivable Chart

Raiz Invest Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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0.25

0.71

1.31

1.88

1.87

Raiz Invest Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							3.70	1.88	3.73	1.87	4.03

Raiz Invest Accounts Receivable Calculation

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

Raiz Invest 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.

Raiz Invest's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.029	/	9.939	*	91
=	73.98

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

Raiz Invest's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(8.97	+	0.75 * 4.029	+	0.5 * 0	-	8.035
-	0	-	-1.149)	/	93.4455
=	0.05

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.

Raiz Invest Accounts Receivable Related Terms

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Raiz Invest (ASX:RZI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raiz Invest Ltd (ASX:RZI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bulletin Place, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.raizinvest.com.au

Raiz Invest Ltd provides financial services and products through its mobile first micro-investing platform which offers its customers an easy way to regularly invest either small or large amounts of money using the Raiz mobile application or through the Raiz website in Australia, Indonesia, and Malaysia. The company's operating segment includes Raiz Invest Micro Investing Platform and Other Financial Services. It generates maximum revenue from the Raiz Invest Micro Investing Platform segment.

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