Rimini Street (Rimini Street) Change In Receivables : $9.8 Mil (TTM As of Mar. 2024)

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What is Rimini Street Change In Receivables?

Rimini Street's change in receivables for the quarter that ended in Mar. 2024 was $39.8 Mil. It means Rimini Street's Accounts Receivable declined by $39.8 Mil from Dec. 2023 to Mar. 2024 .

Rimini Street's change in receivables for the fiscal year that ended in Dec. 2023 was $-3.0 Mil. It means Rimini Street's Accounts Receivable increased by $3.0 Mil from Dec. 2022 to Dec. 2023 .

Rimini Street's Accounts Receivable for the quarter that ended in Mar. 2024 was $78.8 Mil.

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 Receivable are being managed. Rimini Street's Days Sales Outstanding for the three months ended in Mar. 2024 was 67.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Rimini Street's liquidation value for the three months ended in Mar. 2024 was $-199.4 Mil.

Rimini Street Change In Receivables Historical Data

The historical data trend for Rimini Street's Change In Receivables 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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Rimini Street Change In Receivables Chart

Rimini Street Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-31.22

-8.55

-18.79

18.92

-2.98

Rimini Street Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															26.95	4.11	23.06	-57.09	39.76

Rimini Street Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.8 Mil.

Rimini Street (NAS:RMNI) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	78.785	/	106.745	*	91
=	67.35

2. In Ben Graham's calculation of liquidation value, Rimini Street's accounts receivable are only considered to be worth 75% of book value:

Rimini Street's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	129.005	-	387.507	+	0.75 * 78.785	+	0.5 * 0
=	-199.4

Rimini Street Change In Receivables Related Terms

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Rimini Street (Rimini Street) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (NAS:RMNI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

0QH:Germany

Address

3993 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169

Website

https://www.riministreet.com

Rimini Street Inc is a provider of enterprise software support products and services and the third-party support provider for Oracle and SAP software products based in the United States. Some of its products include Oracle E-business suite, Oracle Retail, Peoplesoft, SAP business suite, and Agile PLM, which are offered to various industries, including manufacturing, public sector companies, retail, and education.

Executives

Seth A. Ravin	director, 10 percent owner, officer: CEO and Chairman of the Board	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Michael L. Perica	officer: EVP & Chief Financial Officer	C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Steven Salaets	officer: CIO/CPO EVP GlSec/Facl/Qual/IA	C/O 3993 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Nancy Lyskawa	officer: SVP Global Client Onboarding	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Kevin Maddock	officer: SVP, Global Sales	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
David W. Rowe	officer: SVP & CMO	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Sebastian Grady	officer: President	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Brian Slepko	officer: SVP, Global Service Delivery	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Gerard Brossard	officer: Chief Operating Officer	1170 PEACHTREE STREET, ATLANTA GA 30309
Jay G Snyder	director	C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Katrinka Mccallum	director	139 TOWNSEND ST, SAN FRANCISCO CA 94107
Gpiac, Llc	10 percent owner	C/O GP INVESTMENTS ACQUISITION CORP., 150 E. 52ND STREET, SUITE 5003, NEW YORK NY 10022
Daniel B. Winslow	officer: SVP & General Counsel	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Adams Street Partners Llc	10 percent owner	ONE NORTH WACKER DRIVE, STE 2700, CHICAGO IL 60606-2807
Robin P. Murray	director, 10 percent owner	3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169