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Patient Access Solutions (Patient Access Solutions) Accounts Receivable : $0.06 Mil (As of Jul. 2008)


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What is Patient Access Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Patient Access Solutions's accounts receivables for the quarter that ended in Jul. 2008 was $0.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Patient Access Solutions's Days Sales Outstanding for the quarter that ended in Jul. 2008 was 51.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Patient Access Solutions's Net-Net Working Capital per share for the quarter that ended in Jul. 2008 was $-29.35.


Patient Access Solutions Accounts Receivable Historical Data

The historical data trend for Patient Access Solutions'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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Patient Access Solutions Accounts Receivable Chart

Patient Access Solutions Annual Data
Trend Oct06 Oct07 Oct08
Accounts Receivable
- - 0.02

Patient Access Solutions Quarterly Data
Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08
Accounts Receivable Get a 7-Day Free Trial - - - 0.05 0.06

Patient Access Solutions Accounts Receivable Calculation

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


Patient Access Solutions 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.

Patient Access Solutions's Days Sales Outstanding for the quarter that ended in Jul. 2008 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.056/0.1*91
=51.10

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

Patient Access Solutions's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2008 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)
=(0.081+0.75 * 0.056+0.5 * 0.041-1.611
-0-0)/0.050
=-29.35

* 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.


Patient Access Solutions Accounts Receivable Related Terms

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Patient Access Solutions (Patient Access Solutions) Business Description

Traded in Other Exchanges
N/A
Address
150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725
Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

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