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Diamond Discoveries International (Diamond Discoveries International) Accounts Receivable : $0.00 Mil (As of Sep. 2011)


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What is Diamond Discoveries International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Diamond Discoveries International's accounts receivables for the quarter that ended in Sep. 2011 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. Diamond Discoveries International's Net-Net Working Capital per share for the quarter that ended in Sep. 2011 was $-0.00.


Diamond Discoveries International Accounts Receivable Historical Data

The historical data trend for Diamond Discoveries International'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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Diamond Discoveries International Accounts Receivable Chart

Diamond Discoveries International Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Accounts Receivable
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Diamond Discoveries International Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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Diamond Discoveries International Accounts Receivable Calculation

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


Diamond Discoveries International 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.

Diamond Discoveries International's Days Sales Outstanding for the quarter that ended in Sep. 2011 is calculated as:

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

Diamond Discoveries International'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)
=(0.011+0.75 * 0+0.5 * 0-2.088
-0-0)/448.304
=-0.00

* 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.


Diamond Discoveries International Accounts Receivable Related Terms

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Diamond Discoveries International (Diamond Discoveries International) Business Description

Traded in Other Exchanges
N/A
Address
45 Rockefeller Plaza, Suite 2000, New York, NY, USA, 10111
Diamond Discoveries International Corp is a mineral exploration company. It is engaged in activities related to the exploration of mineral resources in Canada.

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