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Symbion Health (ASX:SY1) Accounts Receivable : A$0.00 Mil (As of Jun. 2007)


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What is Symbion Health Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Symbion Health's accounts receivables for the quarter that ended in Jun. 2007 was A$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Symbion Health's Days Sales Outstanding for the quarter that ended in Jun. 2007 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. Symbion Health's Net-Net Working Capital per share for the quarter that ended in Jun. 2007 was A$-1.58.


Symbion Health Accounts Receivable Historical Data

The historical data trend for Symbion Health'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.

* Premium members only.

Symbion Health Accounts Receivable Chart

Symbion Health Annual Data
Trend Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Symbion Health Semi-Annual Data
Jun95 Jun96 Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Symbion Health Accounts Receivable Calculation

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


Symbion Health 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.

Symbion Health's Days Sales Outstanding for the quarter that ended in Jun. 2007 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/3826.369*91
=0.00

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

Symbion Health's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2007 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)
=(196.682+0.75 * 0+0.5 * 279.617-1354.114
-0-0)/645.248
=-1.58

* 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.


Symbion Health Accounts Receivable Related Terms

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Symbion Health (ASX:SY1) Business Description

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Symbion Group Limited (SYB, formerly Mayne Group Limited) is a healthcare-focused company comprised of 5 divisions: Pathology; Medical Centres; Imaging; Pharmacy Services; and Symbion Consumer.

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