Richtech Robotics (Richtech Robotics) Accounts Receivable : $3.75 Mil (As of Mar. 2024)

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What is Richtech Robotics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Richtech Robotics's accounts receivables for the quarter that ended in Mar. 2024 was $3.75 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Richtech Robotics's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 293.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Richtech Robotics's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.12.

Richtech Robotics Accounts Receivable Historical Data

The historical data trend for Richtech Robotics'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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Richtech Robotics Accounts Receivable Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

Accounts Receivable

0.05

0.11

5.58

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial						1.86	1.73	5.58	3.14	3.75

Richtech Robotics Accounts Receivable Calculation

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

Richtech Robotics 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.

Richtech Robotics's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.752	/	1.165	*	91
=	293.88

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

Richtech Robotics's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(8.195	+	0.75 * 3.752	+	0.5 * 0.292	-	3.002
-	0	-	0)	/	66.6373
=	0.12

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.

Richtech Robotics Accounts Receivable Related Terms

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Richtech Robotics (Richtech Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics (Richtech Robotics) Headlines

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