NoFire Technologies (NoFire Technologies) Accounts Receivable

: $0.12 Mil (As of May. 2010)

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

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NoFire Technologies's accounts receivables for the quarter that ended in May. 2010 was $0.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NoFire Technologies's Days Sales Outstanding for the quarter that ended in May. 2010 was 37.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NoFire Technologies's Net-Net Working Capital per share for the quarter that ended in May. 2010 was $-0.16.

NoFire Technologies Accounts Receivable Historical Data

The historical data trend for NoFire Technologies'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.

NoFire Technologies Annual Data

Trend

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Accounts Receivable

0.01

0.30

0.08

NoFire Technologies Quarterly Data
	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10
Accounts Receivable																0.08	0.08	0.04	0.09	0.12

NoFire Technologies Accounts Receivable Calculation

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

NoFire Technologies 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.

NoFire Technologies's Days Sales Outstanding for the quarter that ended in May. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.117	/	0.281	*	91
=	37.99

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

NoFire Technologies's Net-Net Working Capital Per Share for the quarter that ended in May. 2010 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)
=	(0.003	+	0.75 * 0.117	+	0.5 * 0.105	-	7.361
-	0	-	0)	/	45.318
=	-0.16

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.

NoFire Technologies Accounts Receivable Related Terms

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

NoFire Technologies (NoFire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoFire Technologies Inc (OTCPK:NFTI) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

5 James Street, South Hackensack, NJ, USA, 07606

Website

https://www.nofire.com

NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.

Executives

Andrew H Tisch

10 percent owner

667 MADISON AVE, NEW YORK NY 10021-8087

NoFire Technologies (NoFire Technologies) Headlines

No Headlines