Rocky Mountain Industrials (Rocky Mountain Industrials) Accounts Receivable : $0.05 Mil (As of Jun. 2023)

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What is Rocky Mountain Industrials Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rocky Mountain Industrials's accounts receivables for the quarter that ended in Jun. 2023 was $0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rocky Mountain Industrials's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 35.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rocky Mountain Industrials's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.01.

Rocky Mountain Industrials Accounts Receivable Historical Data

The historical data trend for Rocky Mountain Industrials'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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Rocky Mountain Industrials Accounts Receivable Chart

Rocky Mountain Industrials Annual Data

Trend

Sep14

Sep15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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0.10

0.08

0.07

0.13

0.05

Rocky Mountain Industrials Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Accounts Receivable	Get a 7-Day Free Trial															0.07	0.10	0.08	0.05	0.05

Rocky Mountain Industrials Accounts Receivable Calculation

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

Rocky Mountain Industrials 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.

Rocky Mountain Industrials's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.052	/	0.135	*	91
=	35.15

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

Rocky Mountain Industrials's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(6.815	+	0.75 * 0.052	+	0.5 * 0.098	-	36.045
-	11.852	-	0)	/	40.7597
=	-1.01

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.

Rocky Mountain Industrials Accounts Receivable Related Terms

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Rocky Mountain Industrials (Rocky Mountain Industrials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rocky Mountain Industrials Inc (OTCPK:RMRI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 South Syracuse Way, Suite 450, Greenwood Village, CO, USA, 80111

Website

https://www.rockymountainindustrials.com

Rocky Mountain Industrials Inc is an exploration stage company dedicated to operating industrial assets in the United States including minerals, materials, and services. The company's operating segment includes Aggregates and Rail Park. It generates maximum revenue from the Aggregates segment. The Aggregates segment produces chemical grade lime for use in the aggregates market. Its Rail Park segment consists of land under development to provide a rail terminal and services facility.

Executives

Michael Okada	officer: Chief Financial Officer	300 N. CONTINENTAL BLVD. #100, EL SEGUNDO CA 90245
Chad T. Brownstein	director, 10 percent owner, officer: Chief Executive Officer	555 SOUTH BARRINGTON AVENUE, #216, LOS ANGELES CA 90049
Rocky Mountain Resource Holdings Inc.	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Gregory M. Dangler	director, 10 percent owner, officer: President, CFO & Secretary	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Principio Management Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
77727111, Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Munitz Family Trust	10 percent owner	507 EUCLID STREET SANTA MONICA CA 90402
Andrew Peltz	director	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Legado Del Rey, Llc	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212
Edward Czuker	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212

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