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CMNR (Commerce Energy Group) Accounts Receivable : $0.0 Mil (As of Apr. 2009)


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What is Commerce Energy Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Commerce Energy Group's accounts receivables for the quarter that ended in Apr. 2009 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Commerce Energy Group's Net-Net Working Capital per share for the quarter that ended in Apr. 2009 was $N/A.


Commerce Energy Group Accounts Receivable Historical Data

The historical data trend for Commerce Energy Group'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.

Commerce Energy Group Accounts Receivable Chart

Commerce Energy Group Annual Data
Trend Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Jul07 Jul08
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 31.12 27.84 30.65 65.23 82.42

Commerce Energy Group Quarterly Data
Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09
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 56.35 82.42 - - -

Commerce Energy Group Accounts Receivable Calculation

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


Commerce Energy Group 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.

Commerce Energy Group's Days Sales Outstanding for the quarter that ended in Apr. 2009 is calculated as:

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

Commerce Energy Group's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2009 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+0.75 * 0+0.5 * 0-N/A
-0-0)/30.7621
=N/A

* 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.


Commerce Energy Group Accounts Receivable Related Terms

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Commerce Energy Group Business Description

Traded in Other Exchanges
N/A
Address
600 Anton Boulevard, Suite 2000, Costa Mesa, CA, USA, 92626
Commerce Energy Group Inc provides electricity and natural gas supply to residential and commercial customers across North America.
Executives
C Douglas Mitchell officer: Chief Financial Officer 600 WILSHIRE BOULEVARD, SUITE 1500, LOS ANGELES CA 90017
Spectrum Galaxy Fund Ltd. 10 percent owner 50 CALIFORNIA STREET, SUITE 1500, SAN FRANCISCO CA 94111
Daniel Zeff 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Capital Partners I, L.p. 10 percent owner C/O ZEFF HOLDING COMPANY, LLC, 50 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Zeff Holding Company, Llc 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020

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