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CLK Holding AS (IST:CLKHO) Accounts Receivable : ₺52.69 Mil (As of Jun. 2013)


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What is CLK Holding AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CLK Holding AS's accounts receivables for the quarter that ended in Jun. 2013 was ₺52.69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CLK Holding AS's Days Sales Outstanding for the quarter that ended in Jun. 2013 was 137.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CLK Holding AS's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was ₺-0.67.


CLK Holding AS Accounts Receivable Historical Data

The historical data trend for CLK Holding AS'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.

CLK Holding AS Accounts Receivable Chart

CLK Holding AS Annual Data
Trend Dec10 Dec11 Dec12
Accounts Receivable
- 1.13 3.50

CLK Holding AS Quarterly Data
Mar10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.78 3.30 3.50 55.16 52.69

CLK Holding AS Accounts Receivable Calculation

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


CLK Holding AS 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.

CLK Holding AS's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=52.688/35.034*91
=137.23

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

CLK Holding AS'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)
=(1.458+0.75 * 52.688+0.5 * 5.043-53.12
-0-7.942)/26.2501
=-0.67

* 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.


CLK Holding AS Accounts Receivable Related Terms

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CLK Holding AS (IST:CLKHO) Business Description

Traded in Other Exchanges
N/A
Address
Pelitlikoyu Merkez Mahallesi, Beynova Sokak, No: 20 Gebze, Kocaeli, Istanbul, TUR
CLK Holding AS is a Turkey-based drilling fluids chemical supplier. The company is engaged in the trade, production, engineering, and research and development of drilling fluids. Its products include sub-groups as construction chemicals, special mortar admixtures, cement based water sealing, heat insulation adhesives, glazed tile and ceramic adhesives, joint sealants, repair mortars, floor covering and concrete admixtures.

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