CLIRF (Clearford Water Systems) Accounts Receivable: $2.85 Mil (As of Sep. 2021)

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What is Clearford Water Systems Accounts Receivable?

Clearford Water Systems CLIRF Accounts Receivable is $2.85 Mil as of Sep. 2021.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clearford Water Systems's accounts receivables for the quarter that ended in Sep. 2021 was $2.85 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Clearford Water Systems's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 73.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Clearford Water Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-0.58.

Clearford Water Systems 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.

Clearford Water Systems's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.846/3.54*91
=73.36

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

Clearford Water Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 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)
=(1.81+0.75 * 2.846+0.5 * 0.549-63.169
-0-0)/102.028
=-0.58

* 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.

Clearford Water Systems Accounts Receivable Related Terms

Clearford Water Systems Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Clearford Water Systems'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.

Clearford Water Systems Accounts Receivable Chart

Clearford Water Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.96 1.40 1.43 2.74

Clearford Water Systems Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 2.77 2.74 1.96 2.81 2.85

Clearford Water Systems Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $2.85 Mil mean?
Clearford Water Systems (CLIRF) has a Accounts Receivable of $2.85 Mil as of Sep. 2021. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Clearford Water Systems and its competitors.
Is Clearford Water Systems' Accounts Receivable too high?
Clearford Water Systems' current Accounts Receivable is $2.85 Mil.
How does Clearford Water Systems' Accounts Receivable compare to WM and RSG?
Clearford Water Systems' Accounts Receivable of $2.85 Mil can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Waste Management company?
A good Accounts Receivable depends on the Waste Management industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Clearford Water Systems and its competitors. Clearford Water Systems's current Accounts Receivable is $2.85 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearford Water Systems stock overvalued right now?
Clearford Water Systems (CLIRF) has a current Accounts Receivable of $2.85 Mil. The current Accounts Receivable is $2.85 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Clearford Water Systems (CLIRF), the current Accounts Receivable is $2.85 Mil as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clearford Water Systems Business Description

Address 515 Legget Drive, Suite 100, Ottawa, ON, CAN, K2K 3G4
Clearford Water Systems Inc provides unified water infrastructure solutions. The company is the developer of the Clearford One system, which is a combination of the company's ClearDigest Smart Digester, Small Bore Sewer (SBS) technology, a watertight small diameter wastewater collection system, SBS ClearConvey, and ClearRecover, a wastewater treatment facility-based on the processed influent. It operates through two segments namely Clearford One and UV Pure. The company generates revenue through a sale in various countries such as Canada, the United States of America, India, South America, and other countries. It derives maximum revenue from the Clearford One segment.