Clearwater Ventures (Clearwater Ventures) Accounts Receivable : $0.00 Mil (As of Aug. 2015)

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What is Clearwater Ventures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clearwater Ventures's accounts receivables for the quarter that ended in Aug. 2015 was $0.00 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. Clearwater Ventures's Net-Net Working Capital per share for the quarter that ended in Aug. 2015 was $-0.01.

Clearwater Ventures Accounts Receivable Historical Data

The historical data trend for Clearwater Ventures'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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Clearwater Ventures Accounts Receivable Chart

Clearwater Ventures Annual Data

Trend

Feb14

Feb15

Accounts Receivable

Clearwater Ventures Quarterly Data
	May14	Aug14	Nov14	Feb15	May15	Aug15
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

Clearwater Ventures Accounts Receivable Calculation

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

Clearwater Ventures 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.

Clearwater Ventures's Days Sales Outstanding for the quarter that ended in Aug. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Clearwater Ventures's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2015 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)
=	(0.003	+	0.75 * 0	+	0.5 * 0	-	0.096
-	0	-	0)	/	18
=	-0.01

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.

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Clearwater Ventures (Clearwater Ventures) Business Description

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Clearwater Ventures Inc, through its subsidiary is engaged in designing and marketing of pool filter product known as the Pool Guardian. It is designed to supplement and assist pool filters by capturing and holding unwanted pool surface debris.

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