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Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) Accounts Receivable : R$0 Mil (As of Dec. 2011)


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What is Fundo de Recuperacao Economica do Estado do Espiritonto Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fundo de Recuperacao Economica do Estado do Espiritonto's accounts receivables for the quarter that ended in Dec. 2011 was R$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fundo de Recuperacao Economica do Estado do Espiritonto's Days Sales Outstanding for the quarter that ended in Dec. 2011 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. Fundo de Recuperacao Economica do Estado do Espiritonto's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was R$N/A.


Fundo de Recuperacao Economica do Estado do Espiritonto Accounts Receivable Historical Data

The historical data trend for Fundo de Recuperacao Economica do Estado do Espiritonto'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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Fundo de Recuperacao Economica do Estado do Espiritonto Accounts Receivable Chart

Fundo de Recuperacao Economica do Estado do Espiritonto Annual Data
Trend Dec09 Dec10 Dec11
Accounts Receivable
- - -

Fundo de Recuperacao Economica do Estado do Espiritonto Semi-Annual Data
Dec09 Dec10 Dec11
Accounts Receivable - - -

Fundo de Recuperacao Economica do Estado do Espiritonto Accounts Receivable Calculation

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


Fundo de Recuperacao Economica do Estado do Espiritonto 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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/4129.189*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Fundo de Recuperacao Economica do Estado do Espiritonto's accounts receivable are only considered to be worth 75% of book value:

Fundo de Recuperacao Economica do Estado do Espiritonto's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 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)
=(126.675+0.75 * 0+0.5 * 0-0.259
-0-0)/0
=N/A

* 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.


Fundo de Recuperacao Economica do Estado do Espiritonto Accounts Receivable Related Terms

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Fundo de Recuperacao Economica do Estado do Espiritonto Business Description

Traded in Other Exchanges
N/A
Address
R. Alberto Oliveira Santos, 42 - Sala 1.506, Vitoria, ES, BRA, 29010901
Fundo de Recuperacao Economica do Estado do Espirito Santo is an open-end pension fund that collect GST and income tax based on taxable income.

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