Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Accounts Receivable : $26.68 Mil (As of Sep. 2015)

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What is Global-Tech Advanced Innovations Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global-Tech Advanced Innovations's accounts receivables for the quarter that ended in Sep. 2015 was $26.68 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global-Tech Advanced Innovations's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 137.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global-Tech Advanced Innovations's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $3.43.

Global-Tech Advanced Innovations Accounts Receivable Historical Data

The historical data trend for Global-Tech Advanced Innovations'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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Global-Tech Advanced Innovations Accounts Receivable Chart

Global-Tech Advanced Innovations Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Accounts Receivable

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24.67

13.32

9.67

15.76

15.13

Global-Tech Advanced Innovations Semi-Annual Data
	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Mar09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15
Accounts Receivable	Get a 7-Day Free Trial															-	15.76	-	15.13	26.68

Global-Tech Advanced Innovations Accounts Receivable Calculation

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

Global-Tech Advanced Innovations 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.

Global-Tech Advanced Innovations's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.683	/	35.43	*	91
=	137.44

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

Global-Tech Advanced Innovations's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=	(28.669	+	0.75 * 26.683	+	0.5 * 6.697	-	42.047
-	0	-	-0.466)	/	3.04423
=	3.43

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.

Global-Tech Advanced Innovations Accounts Receivable Related Terms

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Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global-Tech Advanced Innovations Inc (NAS:GAI) » Definitions » Accounts Receivable

Traded in Other Exchanges

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Address

Website

http://www.global-webpage.com

Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.

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