Promithian Global Ventures (Promithian Global Ventures) Accounts Receivable : $0.00 Mil (As of Dec. 2009)

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What is Promithian Global Ventures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Promithian Global Ventures's accounts receivables for the quarter that ended in Dec. 2009 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. Promithian Global Ventures's Net-Net Working Capital per share for the quarter that ended in Dec. 2009 was $N/A.

Promithian Global Ventures Accounts Receivable Historical Data

The historical data trend for Promithian Global Ventures'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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Promithian Global Ventures Accounts Receivable Chart

Promithian Global Ventures Annual Data

Trend

Mar09

Accounts Receivable

Promithian Global Ventures Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

Promithian Global Ventures Accounts Receivable Calculation

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

Promithian Global Ventures 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.

Promithian Global Ventures's Days Sales Outstanding for the quarter that ended in Dec. 2009 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Promithian Global Ventures's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2009 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	+	0.75 * 0	+	0.5 * 0	-	0.039
-	0	-	0)	/	0
=	N/A

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.

Promithian Global Ventures Accounts Receivable Related Terms

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Promithian Global Ventures (Promithian Global Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Promithian Global Ventures Inc (OTCPK:PGVI) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

406 E. 300 S., Suite 149, Salt Lake City, UT, USA, 84111

Website

https://www.promithianglobalventures.com

Promithian Global Ventures Inc is a precious metals exploration, development, mining, and refining company. The company focuses on gold and silver assets in Nevada, USA, and Yukon, Canada. the company is currently having its aboso project going on where the focus is on gold mining and refining in different areas.

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