Blue Water Ventures International (Blue Water Ventures International) Accounts Receivable : $0.39 Mil (As of Mar. 2012)

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What is Blue Water Ventures International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blue Water Ventures International's accounts receivables for the quarter that ended in Mar. 2012 was $0.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Blue Water Ventures International's Days Sales Outstanding for the quarter that ended in Mar. 2012 was 110.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Blue Water Ventures International's Net-Net Working Capital per share for the quarter that ended in Mar. 2012 was $-0.18.

Blue Water Ventures International Accounts Receivable Historical Data

The historical data trend for Blue Water Ventures International'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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Blue Water Ventures International Accounts Receivable Chart

Blue Water Ventures International Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Accounts Receivable

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0.05

0.20

0.36

0.34

Blue Water Ventures International Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
Accounts Receivable	Get a 7-Day Free Trial															0.34	0.75	0.33	0.34	0.39

Blue Water Ventures International Accounts Receivable Calculation

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

Blue Water Ventures International 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.

Blue Water Ventures International's Days Sales Outstanding for the quarter that ended in Mar. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.387	/	0.319	*	91
=	110.70

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

Blue Water Ventures International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.99	+	0.75 * 0.387	+	0.5 * 0.003	-	1.516
-	0	-	0)	/	1.29217
=	-0.18

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.

Blue Water Ventures International Accounts Receivable Related Terms

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Blue Water Ventures International (Blue Water Ventures International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Blue Water Ventures International Inc (OTCPK:BWVI) » Definitions » Accounts Receivable

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Address

515 E. Las Olas Boulevard, Suite 120, Fort Lauderdale, FL, USA, 33301

Website

https://www.bwvint.com

Blue Water Ventures International Inc, through its subsidiary, is engaged in the archaeologically sensitive exploration, discovery and recovery of historical cultural artifacts, intrinsically valuable cargo and treasure from ocean shipwrecks. The company designs treasure and nautical-themed jewelry and re-creations with the part of treasure and artifacts that it has recovered in it. It also leases its crew and vessels to other entities involved in discovery and recovery from ocean shipwrecks. The firm markets its treasure and artifacts through auction houses, websites, retail and distribution outlets, and directly to the public.