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Wowjoint Holdings (Wowjoint Holdings) Accounts Receivable : $16.40 Mil (As of Dec. 2013)


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What is Wowjoint Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wowjoint Holdings's accounts receivables for the quarter that ended in Dec. 2013 was $16.40 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. Wowjoint Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was $-1.97.


Wowjoint Holdings Accounts Receivable Historical Data

The historical data trend for Wowjoint Holdings'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.

Wowjoint Holdings Accounts Receivable Chart

Wowjoint Holdings Annual Data
Trend Dec08 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
- 17.90 12.26 7.87 16.40

Wowjoint Holdings Quarterly Data
May08 Dec08 Jun09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Dec12 Jun13 Dec13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.98 14.26 7.87 10.12 16.40

Wowjoint Holdings Accounts Receivable Calculation

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


Wowjoint Holdings 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.

Wowjoint Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.401/0*91
=

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

Wowjoint Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 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)
=(1.566+0.75 * 16.401+0.5 * 3.907-32.384
-0-0)/8.42897
=-1.97

* 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.


Wowjoint Holdings Accounts Receivable Related Terms

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Wowjoint Holdings (Wowjoint Holdings) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Xinfeng Road, Deshemengwai Street, 1108 A Block Tiancheng Mansion, Xicheng District, Beijing, CHN, 100088
Wowjoint Holdings Ltd provides infrastructure solutions for customized heavy duty lifting and carrying machinery used in large-scale projects. The company operates under the manufacture and marketing of non-standard heavy lifting and carrying equipment in China. The equipment and machinery are used in various engineering fields, such as bridge, road and railway construction, as well as in areas of heavy capacity lifting and transporting of concrete beams, boats, and shipping containers. Geographically all the operations are functioned through the region of China.

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