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Cal Dive International (Cal Dive International) Accounts Receivable : $186.9 Mil (As of Sep. 2014)


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What is Cal Dive International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cal Dive International's accounts receivables for the quarter that ended in Sep. 2014 was $186.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cal Dive International's Days Sales Outstanding for the quarter that ended in Sep. 2014 was 148.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cal Dive International's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was $-2.60.


Cal Dive International Accounts Receivable Historical Data

The historical data trend for Cal Dive 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.

* Premium members only.

Cal Dive International Accounts Receivable Chart

Cal Dive International Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 144.01 113.07 67.00 76.82 55.41

Cal Dive International Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.00 55.41 68.87 60.63 186.86

Cal Dive International Accounts Receivable Calculation

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


Cal Dive 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.

Cal Dive International's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=186.864/114.583*91
=148.81

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

Cal Dive International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(9.575+0.75 * 186.864+0.5 * 0-411.441
-0--5.302)/98.577
=-2.60

* 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.


Cal Dive International Accounts Receivable Related Terms

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Cal Dive International (Cal Dive International) Business Description

Traded in Other Exchanges
N/A
Address
2500 CityWest Boulevard, Suite 2200, Houston, TX, USA, 77042
Cal Dive International Inc is a marine contracting company. It provides manned diving, pipelay and pipe burial, platform installation and salvage and light well intervention services to offshore oil and natural gas industry. The company operates in Gulf of Mexico, Outer continental shelf, northeastern U.S., Latin America, Southeast Asia, China, Australia, West Africa, the Middle East and Europe. It also owns diversified fleet of vessels including surface and saturation dive support vessels and construction barges. The firm generates majority of the revenues from the United States.
Executives
Lisa Manget Buchanan officer: EVP & General Counsel 2500 CITYWEST BOULEVARD SUITE 2200 HOUSTON TX 77042
Patteson Donald Douglas Jr director 1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Brent D. Smith officer: Chief Financial Officer 2500 CITYWEST BOULEVARD, SUITE 2200, HOUSTON TX 77042
John T Mills director MARATHON OIL CORP, 5555 SAN FELIPE ROAD, HOUSTON TX 77056
Todd A Dittmann director C/O ANGELO, GORDON & CO., L.P., 712 MAIN STREET, SUITE 1300, HOUSTON TX 77002
William L Transier director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Owen E Kratz director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Bruce Koch officer: Chief Financial Officer NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
Martin R Ferron director 30 CHAMPIONS BLVD, HOUSTON TX 77069