Beamz Interactive (Beamz Interactive) Accounts Receivable : $0.02 Mil (As of Dec. 2014)

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What is Beamz Interactive Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beamz Interactive's accounts receivables for the quarter that ended in Dec. 2014 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beamz Interactive's Days Sales Outstanding for the quarter that ended in Dec. 2014 was 24.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beamz Interactive's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was $-0.08.

Beamz Interactive Accounts Receivable Historical Data

The historical data trend for Beamz Interactive'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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Beamz Interactive Accounts Receivable Chart

Beamz Interactive Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Accounts Receivable

0.21

0.01

0.03

0.04

Beamz Interactive Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Accounts Receivable	Get a 7-Day Free Trial										0.06	0.01	0.04	0.02	0.02

Beamz Interactive Accounts Receivable Calculation

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

Beamz Interactive 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.

Beamz Interactive's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.023	/	0.087	*	91
=	24.12

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

Beamz Interactive's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 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)
=	(0.083	+	0.75 * 0.023	+	0.5 * 0.328	-	5.902
-	0.001	-	0)	/	67.3035
=	-0.08

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.

Beamz Interactive Accounts Receivable Related Terms

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Beamz Interactive (Beamz Interactive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beamz Interactive Inc (OTCPK:BZIC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

15354 North 83rd Way, Suite 101, Scottsdale, AZ, USA, 85260

Website

http://www.thebeamz.com

Beamz Interactive Inc is a United States based company engaged in the development and marketing of interactive music and laser controller products in a wide variety of music, game education, therapy, lighting, and consumer applications throughout the world. The company's technology portfolio includes multiple patents, patents pending and trade secrets covering interactive music, software, laser-based controllers, gaming applications and related designs and devices.