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Technology Stocks : RGFX Raster Graphics
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To: darren_ who wrote ()8/14/1997 6:32:00 PM
From: ilan saadia   of 593
 
RGFX Accounts Receivables went up drastically in the 2nd Qrt.

Basically, most companies use accrual accounting which says you book revenue and expenses when they are earned (revenue) or a liability arises (expense). So RGFX booked some sales (revenue) but did not recieve the cash (Account Receivable). Also, their inventory purchases
where up with out them getting rid of inventory for cash.

So yes, a company can have a ton of revenue but have no cash.

I do not know their situation personally. This conclusion was based on a quick glance at their cash flow statement. Hopefully, these receivable are collectable.

I still believe they are a strong company.

But it is not a good sign to have A/R going up. Unless they factor them?
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