RINO International (RINO International) Change In Receivables : $-65.1 Mil (TTM As of Sep. 2010)

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What is RINO International Change In Receivables?

RINO International's change in receivables for the quarter that ended in Sep. 2010 was $-41.6 Mil. It means RINO International's Accounts Receivable increased by $41.6 Mil from Jun. 2010 to Sep. 2010 .

RINO International's change in receivables for the fiscal year that ended in Dec. 2009 was $-4.9 Mil. It means RINO International's Accounts Receivable increased by $4.9 Mil from Dec. 2008 to Dec. 2009 .

RINO International's Accounts Receivable for the quarter that ended in Sep. 2010 was $90.7 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. RINO International's Days Sales Outstanding for the three months ended in Sep. 2010 was 156.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. RINO International's liquidation value for the three months ended in Sep. 2010 was $53.8 Mil.

RINO International Change In Receivables Historical Data

The historical data trend for RINO International'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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RINO International Change In Receivables Chart

RINO International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Change In Receivables

-4.55

-14.44

-30.54

-4.86

RINO International Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Change In Receivables	Get a 7-Day Free Trial															29.03	-12.90	5.25	-15.86	-41.63

RINO International 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 Sep. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-65.1 Mil.

RINO International (OTCPK:RINO) 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.

RINO International's Days Sales Outstanding for the quarter that ended in Sep. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	90.688	/	52.725	*	91
=	156.95

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

RINO International's liquidation value for the quarter that ended in Sep. 2010 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	56.123	-	73.121	+	0.75 * 90.688	+	0.5 * 5.546
=	53.8

RINO International Change In Receivables Related Terms

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RINO International (RINO International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RINO International Corp (OTCPK:RINO) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

RINO International Corp is in the business of identifying and acquiring strategic intellectual property in the agricultural technology, biotechnologies, and energy industries.

Executives

Glenn Little

director, 10 percent owner, officer: CEO & CFO

211 WEST WALL ST, MIDLAND TX 70701

RINO International (RINO International) Headlines

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