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Pengram (Pengram) Accounts Receivable : $0.01 Mil (As of Aug. 2011)


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What is Pengram Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pengram's accounts receivables for the quarter that ended in Aug. 2011 was $0.01 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. Pengram's Net-Net Working Capital per share for the quarter that ended in Aug. 2011 was $-0.01.


Pengram Accounts Receivable Historical Data

The historical data trend for Pengram'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.

Pengram Accounts Receivable Chart

Pengram Annual Data
Trend Nov06 Nov07 Nov08 Nov09 Nov10
Accounts Receivable
- - - - -

Pengram Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.01

Pengram Accounts Receivable Calculation

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


Pengram 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.

Pengram's Days Sales Outstanding for the quarter that ended in Aug. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.006/0*91
=

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

Pengram's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2011 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)
=(0.001+0.75 * 0.006+0.5 * 0-0.645
-0-0)/58.2643
=-0.01

* 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.


Pengram Accounts Receivable Related Terms

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Pengram (Pengram) Business Description

Traded in Other Exchanges
N/A
Address
1200 Dupont Street, Suite 2J, Bellingham, WA, USA, 98225
Pengram Corporation engages in the acquisition, exploration and development of mining properties. Its business plan is to assemble a portfolio of mineral properties with gold potential and to engage in the exploration and development of those properties.
Executives
Bryan Hugh Wilson director 84 CEDARCREST CRESCENT, RICHMOND HILL A6 L4S 2P4

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