Continental Coal (ASX:CCC) Accounts Receivable: A$3.00 Mil (As of Jun. 2014)

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What is Continental Coal Accounts Receivable?

Continental Coal ASX:CCC Accounts Receivable is A$3.00 Mil as of Jun. 2014. The stock has 4 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Continental Coal's accounts receivables for the quarter that ended in Jun. 2014 was A$3.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Continental Coal's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 18.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Continental Coal's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was A$-0.06.

Continental Coal 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.

Continental Coal's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.996/30.109*91
=18.16

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

Continental Coal'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)
=(3.619+0.75 * 2.996+0.5 * 1.166-157.003
-0--10.779)/2294.440
=-0.06

* 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.

Continental Coal Accounts Receivable Related Terms

Continental Coal Accounts Receivable Historical Data

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The historical data trend for Continental Coal'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.

Continental Coal Accounts Receivable Chart

Continental Coal Annual Data
Trend Jun11 Jun12 Jun13 Jun14
Accounts Receivable
6.91 6.78 4.59 3.00

Continental Coal Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Accounts Receivable Get a 7-Day Free Trial 6.78 9.70 4.59 0.00 3.00

Continental Coal 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 A$3.00 Mil mean?
Continental Coal (ASX:CCC) has a Accounts Receivable of A$3.00 Mil as of Jun. 2014. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Continental Coal and its competitors.
Is Continental Coal's Accounts Receivable too high?
Continental Coal's current Accounts Receivable is A$3.00 Mil.
How does Continental Coal's Accounts Receivable compare to competitors?
Continental Coal's Accounts Receivable of A$3.00 Mil can be compared against companies in the Steel 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 a Steel company?
A good Accounts Receivable depends on the Steel 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 Continental Coal and its competitors. Continental Coal's current Accounts Receivable is A$3.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Continental Coal stock overvalued right now?
Continental Coal (ASX:CCC) has a current Accounts Receivable of A$3.00 Mil. The current Accounts Receivable is A$3.00 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 Continental Coal (ASX:CCC), the current Accounts Receivable is A$3.00 Mil as of Jun. 2014. 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.

Continental Coal Business Description

Address 9th Floor, Fredman Towers, 13 Fredman Drive, Sandton, ZAF, 2196
Continental Coal Ltd is a coal exploration and development company. It is engaged in producing, development and exploration of coal in its projects located in South Africa's coal fields. Its three main operating mines are Vlakvarkfontein, Ferreira and Penumbra mine. Its development projects include De Wittekrans development project; and exploration projects, such as Vaalbank, Leiden and Knapdaar in South Africa, as well as Kweneng and Serowe exploration projects in Botswana.