ADFS (American Defense Systems) Accounts Receivable: $0.31 Mil (As of Sep. 2012)

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What is American Defense Systems Accounts Receivable?

American Defense Systems ADFS -88.00% Accounts Receivable is $0.31 Mil as of Sep. 2012.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Defense Systems's accounts receivables for the quarter that ended in Sep. 2012 was $0.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. American Defense Systems's Days Sales Outstanding for the quarter that ended in Sep. 2012 was 17.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Defense Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was $-0.04.

American Defense Systems 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.

American Defense Systems's Days Sales Outstanding for the quarter that ended in Sep. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.305/1.601*91
=17.38

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

American Defense Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2012 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)
=(0.151+0.75 * 0.305+0.5 * 0-2.557
-0-0)/55.087
=-0.04

* 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.

American Defense Systems Accounts Receivable Related Terms

American Defense Systems Accounts Receivable Historical Data

* Premium members only.

The historical data trend for American Defense Systems'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.

American Defense Systems Accounts Receivable Chart

American Defense Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Accounts Receivable
Get a 7-Day Free Trial 6.71 4.98 2.49 1.12 0.90

American Defense Systems Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 1.09 0.90 0.46 0.66 0.31

American Defense Systems Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.31 Mil mean?
American Defense Systems (ADFS) has a Accounts Receivable of $0.31 Mil as of Sep. 2012. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on American Defense Systems and its competitors.
Is American Defense Systems' Accounts Receivable too high?
American Defense Systems' current Accounts Receivable is $0.31 Mil.
How does American Defense Systems' Accounts Receivable compare to ASDN and MKRS?
American Defense Systems' Accounts Receivable of $0.31 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Aerospace & Defense company?
A good Accounts Receivable depends on the Aerospace & Defense industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on American Defense Systems and its competitors. American Defense Systems's current Accounts Receivable is $0.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Defense Systems stock overvalued right now?
American Defense Systems (ADFS) has a current Accounts Receivable of $0.31 Mil. The current Accounts Receivable is $0.31 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For American Defense Systems (ADFS), the current Accounts Receivable is $0.31 Mil as of Sep. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Defense Systems Business Description

Address 3440 Toringdon way, suite 205, Room 218, Charlotte, NC, USA, 28277
American Defense Systems Inc is a defense and security products company engaged in three business areas: customized transparent and opaque armor solutions; architectural hardening and perimeter defense and tactical training products and services. It serves US government agencies, general contractors and other commercial and private entities operating in high-threat locations.