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

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What is Covista Communications Accounts Receivable?

Covista Communications CVST -99.67% Accounts Receivable is $8.47 Mil as of Apr. 2005.

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 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

Covista Communications Accounts Receivable Historical Data

* Premium members only.

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.

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 0.00 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.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $8.47 Mil mean?
Covista Communications (CVST) has a Accounts Receivable of $8.47 Mil as of Apr. 2005. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Covista Communications and its competitors.
Is Covista Communications' Accounts Receivable too high?
Covista Communications' current Accounts Receivable is $8.47 Mil.
How does Covista Communications' Accounts Receivable compare to FULO and TWER?
Covista Communications' Accounts Receivable of $8.47 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Accounts Receivable depends on the Telecommunication Services 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 Covista Communications and its competitors. Covista Communications's current Accounts Receivable is $8.47 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covista Communications stock overvalued right now?
Covista Communications (CVST) has a current Accounts Receivable of $8.47 Mil. The current Accounts Receivable is $8.47 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 Covista Communications (CVST), the current Accounts Receivable is $8.47 Mil as of Apr. 2005. 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.

Covista Communications Business Description

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.