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CGA Mining Limited (ASX:CGX) Accounts Receivable : A$0.0 Mil (As of Sep. 2012)


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What is CGA Mining Limited Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CGA Mining Limited's accounts receivables for the quarter that ended in Sep. 2012 was A$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CGA Mining Limited's Days Sales Outstanding for the quarter that ended in Sep. 2012 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CGA Mining Limited's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was A$-0.17.


CGA Mining Limited Accounts Receivable Historical Data

The historical data trend for CGA Mining Limited'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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CGA Mining Limited Accounts Receivable Chart

CGA Mining Limited Annual Data
Trend Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
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CGA Mining Limited Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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CGA Mining Limited Accounts Receivable Calculation

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


CGA Mining Limited 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.

CGA Mining Limited's Days Sales Outstanding for the quarter that ended in Sep. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/56.395*91
=0.00

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

CGA Mining Limited'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)
=(74.16+0.75 * 0+0.5 * 28.723-122.325
-0-0)/200.169
=-0.17

* 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.


CGA Mining Limited Accounts Receivable Related Terms

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CGA Mining Limited (ASX:CGX) Business Description

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