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Avocet Resources (FRA:U3O) Accounts Receivable : €0.00 Mil (As of Jun. 2013)


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What is Avocet Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Avocet Resources's accounts receivables for the quarter that ended in Jun. 2013 was €0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Avocet Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was €0.09.


Avocet Resources Accounts Receivable Historical Data

The historical data trend for Avocet Resources'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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Avocet Resources Accounts Receivable Chart

Avocet Resources Annual Data
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Avocet Resources Quarterly Data
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Avocet Resources Accounts Receivable Calculation

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


Avocet Resources 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.

Avocet Resources's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

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

Avocet Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 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)
=(10.019+0.75 * 0+0.5 * 0-0.617
-0-0)/105.514
=0.09

* 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.


Avocet Resources Accounts Receivable Related Terms

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Avocet Resources (FRA:U3O) Business Description

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Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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