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Covista Communications (Covista Communications) Accounts Receivable : $8.47 Mil (As of Apr. 2005)


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What is Covista Communications Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Covista Communications's accounts receivables for the quarter that ended in Apr. 2005 was $8.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Covista Communications's Days Sales Outstanding for the quarter that ended in Apr. 2005 was 68.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Covista Communications's Net-Net Working Capital per share for the quarter that ended in Apr. 2005 was $0.11.


Covista Communications Accounts Receivable Historical Data

The historical data trend for Covista Communications'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.

Covista Communications Accounts Receivable Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 10.25 15.72 10.53 9.02

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
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 10.16 10.06 6.24 9.02 8.47

Covista Communications Accounts Receivable Calculation

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


Covista Communications 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.

Covista Communications's Days Sales Outstanding for the quarter that ended in Apr. 2005 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=8.468/11.253*91
=68.67

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

Covista Communications's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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)
=(6.509+0.75 * 8.468+0.5 * 0-10.83
-0-0)/17.822
=0.11

* 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.


Covista Communications Accounts Receivable Related Terms

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Covista Communications (Covista Communications) Business Description

Traded in Other Exchanges
N/A
Address
735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.
Executives
W Thorpe Mckenzie director 735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller director 430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

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