Radius Residential Care (NZSE:RAD) Accounts Receivable : NZ$12.4 Mil (As of Sep. 2024)

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What is Radius Residential Care Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Radius Residential Care's accounts receivables for the quarter that ended in Sep. 2024 was NZ$12.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Radius Residential Care's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 26.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Radius Residential Care's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was NZ$-0.90.

Radius Residential Care Accounts Receivable Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Accounts Receivable Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

6.95

9.15

13.07

15.00

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			14.23	13.07	13.77	15.00	12.36

Radius Residential Care Accounts Receivable Calculation

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

Radius Residential Care 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.

Radius Residential Care's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.362	/	84.213	*	91
=	26.79

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

Radius Residential Care's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.066	+	0.75 * 12.362	+	0.5 * 0.594	-	266.17
-	0	-	0)	/	284.935
=	-0.90

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.

Radius Residential Care Accounts Receivable Related Terms

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Radius Residential Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The company operates in one segment, the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility, and/or communication.

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