Roma Green Finance (Roma Green Finance) Accounts Receivable : $0.34 Mil (As of Mar. 2023)

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What is Roma Green Finance Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Roma Green Finance's accounts receivables for the quarter that ended in Mar. 2023 was $0.34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Roma Green Finance's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 65.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Roma Green Finance's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.04.

Roma Green Finance Accounts Receivable Historical Data

The historical data trend for Roma Green Finance'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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Roma Green Finance Accounts Receivable Chart

Roma Green Finance Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

0.40

0.45

0.34

Roma Green Finance Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23
Accounts Receivable	0.40	-	0.45	0.11	0.34

Roma Green Finance Accounts Receivable Calculation

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

Roma Green Finance 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.

Roma Green Finance's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.34	/	0.947	*	91
=	65.52

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

Roma Green Finance's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.068	+	0.75 * 0.34	+	0.5 * 0	-	0.776
-	0	-	0)	/	10.4253
=	-0.04

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.

Roma Green Finance Accounts Receivable Related Terms

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Roma Green Finance (Roma Green Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Roma Green Finance Ltd (NAS:ROMA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Fleming Road, Flat 605, 6 Floor, Tai Tung Building, Wanchai, Hong Kong, HKG

Website

http://www.romaesg.com

Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage and overcome various business matters arising from such factors related to ESG, sustainability and climate change. it provides tailored-made sustainability solutions to meet the client's specific needs. Its mission is to provide its clients with a one-stop destination for high-quality and holistic sustainability and climate change-related consulting services to support a more sustainable, balanced and inclusive future for our clients' organizations and the world.

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