GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China TMK Battery Systems Inc (OTCPK:DFEL) » Definitions » Accounts Receivable

China TMK Battery Systems (China TMK Battery Systems) Accounts Receivable : $16.58 Mil (As of Sep. 2011)


View and export this data going back to 2007. Start your Free Trial

What is China TMK Battery Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. China TMK Battery Systems's accounts receivables for the quarter that ended in Sep. 2011 was $16.58 Mil.

Accounts receivable can be measured by Days Sales Outstanding. China TMK Battery Systems's Days Sales Outstanding for the quarter that ended in Sep. 2011 was 59.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. China TMK Battery Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2011 was $-18.94.


China TMK Battery Systems Accounts Receivable Historical Data

The historical data trend for China TMK Battery 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.

* Premium members only.

China TMK Battery Systems Accounts Receivable Chart

China TMK Battery Systems Annual Data
Trend Sep06 Sep07 Sep08 Sep09 Dec10
Accounts Receivable
- - - - 12.35

China TMK Battery Systems Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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 7.75 12.35 13.86 14.96 16.58

China TMK Battery Systems Accounts Receivable Calculation

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


China TMK Battery 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.

China TMK Battery Systems's Days Sales Outstanding for the quarter that ended in Sep. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.579/25.373*91
=59.62

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

China TMK Battery Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2011 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)
=(10.792+0.75 * 16.579+0.5 * 11.746-46.556
-0.008-0)/0.9222
=-18.94

* 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.


China TMK Battery Systems Accounts Receivable Related Terms

Thank you for viewing the detailed overview of China TMK Battery Systems's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


China TMK Battery Systems (China TMK Battery Systems) Business Description

Traded in Other Exchanges
N/A
Address
Fuhua Road, Room 2406, East Block, Great China International Exchange Square, Futian District, Shenzhen, CHN, 7390
China TMK Battery Systems Inc is a United States is based on the research and development, manufacturing, sales and service of core products in the new energy industry. The company has newly established a number of wholly-owned subsidiaries in mainland China, which are distributed in the centralized rapid charging for new energy vehicles, lithium batteries, new materials, artificial intelligence basic software equipment, Internet and other.

China TMK Battery Systems (China TMK Battery Systems) Headlines

No Headlines