Ambassador Oil and Gas (ASX:AQO) Accounts Receivable : A$0.00 Mil (As of Jun. 2014)

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What is Ambassador Oil and Gas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ambassador Oil and Gas's accounts receivables for the quarter that ended in Jun. 2014 was A$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. Ambassador Oil and Gas's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was A$0.03.

Ambassador Oil and Gas Accounts Receivable Historical Data

The historical data trend for Ambassador Oil and Gas'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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Ambassador Oil and Gas Accounts Receivable Chart

Ambassador Oil and Gas Annual Data

Trend

Jun12

Jun13

Jun14

Accounts Receivable

Ambassador Oil and Gas Semi-Annual Data
	Jun12	Jun13	Jun14
Accounts Receivable	-	-	-

Ambassador Oil and Gas Accounts Receivable Calculation

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

Ambassador Oil and Gas 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.

Ambassador Oil and Gas's Days Sales Outstanding for the quarter that ended in Jun. 2014 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), Ambassador Oil and Gas's accounts receivable are only considered to be worth 75% of book value:

Ambassador Oil and Gas's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=	(5.534	+	0.75 * 0	+	0.5 * 0	-	0.753
-	0	-	0)	/	142.058
=	0.03

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.

Ambassador Oil and Gas Accounts Receivable Related Terms

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Ambassador Oil and Gas (ASX:AQO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ambassador Oil and Gas Ltd (ASX:AQO) » Definitions » Accounts Receivable

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Address

Website

http://www.ambassadorexp.com.au

Ambassador Oil & Gas Limited was incorporated on 7 august 2011. It is involved in the exploration for oil and gas in South Australia. The company has assembled a portfolio of prospective exploration assets located in the Cooper and Eromanga Basins. It has exploration licences in Australia and exploration leases in the United States of America. The portfolio contains a mix of exploration targets including conventional oil, conventional gas and unconventional gas from coal and shale.

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