CHCX (CTGX Mining) Accounts Receivable : $0.11 Mil (As of Jan. 2005)

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What is CTGX Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CTGX Mining's accounts receivables for the quarter that ended in Jan. 2005 was $0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CTGX Mining's Days Sales Outstanding for the quarter that ended in Jan. 2005 was 120.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CTGX Mining's Net-Net Working Capital per share for the quarter that ended in Jan. 2005 was $N/A.

CTGX Mining Accounts Receivable Historical Data

The historical data trend for CTGX Mining'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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CTGX Mining Accounts Receivable Chart

CTGX Mining Annual Data

Trend

Mar03

Accounts Receivable

CTGX Mining Quarterly Data
	Jun03	Sep03	Dec03	Mar04	Jul04	Oct04	Jan05
Accounts Receivable	Get a 7-Day Free Trial			-	-	0.03	0.22	0.11

CTGX Mining Accounts Receivable Calculation

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

CTGX Mining 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.

CTGX Mining's Days Sales Outstanding for the quarter that ended in Jan. 2005 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.114	/	0.086	*	91
=	120.96

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

CTGX Mining's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2005 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)
=	(0.004	+	0.75 * 0.114	+	0.5 * 0.295	-	1.122
-	0	-	0)	/	0
=	N/A

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.

CTGX Mining Accounts Receivable Related Terms

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CTGX Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CTGX Mining Inc (OTCPK:CHCX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 G Waterwood Parkway, Suite O-2, Edmund, OK, USA, 73034

Website

http://www.ctgxmining.com

CTGX Mining Inc is an international, environmentally sensitive, minerals and resource development company. It holds mining interests in both Mexico and Columbia focused on a large reserve of rare earth elements, gold, silver lithium and other valuable ores.

Executives

Matthew Cohen

director, officer: CEO and Chairman of the Board

1702 COSTA DEL SOL, BOCA RATON FL 33432

CTGX Mining Headlines

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