Cono Italiano (Cono Italiano) Accounts Receivable : $0.00 Mil (As of Sep. 2013)

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What is Cono Italiano Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cono Italiano's accounts receivables for the quarter that ended in Sep. 2013 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cono Italiano's Days Sales Outstanding for the quarter that ended in Sep. 2013 was 91.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cono Italiano's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was $-0.02.

Cono Italiano Accounts Receivable Historical Data

The historical data trend for Cono Italiano'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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Cono Italiano Accounts Receivable Chart

Cono Italiano Annual Data

Trend

Nov05

Nov06

Jan08

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Dec12

Accounts Receivable

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Cono Italiano Quarterly Data
	Oct08	Jan09	Apr09	Jul09	Oct09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Accounts Receivable	Get a 7-Day Free Trial															0.02	-	-	0.01	-

Cono Italiano Accounts Receivable Calculation

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

Cono Italiano 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.

Cono Italiano's Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.004	/	0.004	*	91
=	91.25

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

Cono Italiano's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.002	+	0.75 * 0.004	+	0.5 * 0	-	2.023
-	0	-	0)	/	110.002
=	-0.02

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.

Cono Italiano Accounts Receivable Related Terms

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Cono Italiano (Cono Italiano) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cono Italiano Inc (GREY:CNOZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Main Street, Keyport, NJ, USA, 07735

Website

http://www.conoitaliano.com

Cono Italiano Inc was incorporated in the State of Nevada on September 9, 2004. It is a development stage company. It operates in fast food industry throughout the United States, Canada and Mexico and currently sell them in stadiums, arenas, at universities and through catering companies. Cono Italiano is licensed to distribute a food product called the 'Pizza Cono'. The Company intends to contact food distributors who sell to the restaurant community to distribute the product. The Company will seek to develop relationships with independent commissioned sales representatives throughout the country to sell and market the product to the retail community and specialty customers.

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