GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arkanova Energy Corp (OTCPK:AKVA) » Definitions » Accounts Receivable

Arkanova Energy (Arkanova Energy) Accounts Receivable : $0.06 Mil (As of Sep. 2016)


View and export this data going back to 2005. Start your Free Trial

What is Arkanova Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Arkanova Energy's accounts receivables for the quarter that ended in Sep. 2016 was $0.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Arkanova Energy's Days Sales Outstanding for the quarter that ended in Sep. 2016 was 50.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Arkanova Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $-0.36.


Arkanova Energy Accounts Receivable Historical Data

The historical data trend for Arkanova Energy'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.

* Premium members only.

Arkanova Energy Accounts Receivable Chart

Arkanova Energy Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.14 0.12 0.04 0.06

Arkanova Energy Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.07 0.06

Arkanova Energy Accounts Receivable Calculation

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


Arkanova Energy 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.

Arkanova Energy's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.055/0.1*91
=50.19

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

Arkanova Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 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)
=(0.075+0.75 * 0.055+0.5 * 0-19.534
-0-0)/54.1823
=-0.36

* 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.


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.


Arkanova Energy Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Arkanova Energy's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Arkanova Energy (Arkanova Energy) Business Description

Traded in Other Exchanges
N/A
Address
305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746
Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

Arkanova Energy (Arkanova Energy) Headlines

No Headlines