EBODF (New Energy Exchange) Accounts Receivable: $15.68 Mil (As of Jun. 2012)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is New Energy Exchange Accounts Receivable?

New Energy Exchange EBODF Accounts Receivable is $15.68 Mil as of Jun. 2012.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Energy Exchange's accounts receivables for the quarter that ended in Jun. 2012 was $15.68 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Energy Exchange's Days Sales Outstanding for the quarter that ended in Jun. 2012 was 1,690.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Energy Exchange's Net-Net Working Capital per share for the quarter that ended in Jun. 2012 was $-2.18.

New Energy Exchange 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.

New Energy Exchange's Days Sales Outstanding for the quarter that ended in Jun. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=15.68/1.693*91
=1,690.25

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

New Energy Exchange's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2012 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)
=(10.983+0.75 * 15.68+0.5 * 2.093-28.672
-0.012-0)/2.250
=-2.18

* 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.

New Energy Exchange Accounts Receivable Related Terms

New Energy Exchange Accounts Receivable Historical Data

* Premium members only.

The historical data trend for New Energy Exchange'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.

New Energy Exchange Accounts Receivable Chart

New Energy Exchange Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.77 1.77 2.91 7.33

New Energy Exchange Semi-Annual Data
Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12
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 0.75 2.91 1.71 7.33 15.68

New Energy Exchange 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 $15.68 Mil mean?
New Energy Exchange (EBODF) has a Accounts Receivable of $15.68 Mil as of Jun. 2012. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on New Energy Exchange and its competitors.
Is New Energy Exchange's Accounts Receivable too high?
New Energy Exchange's current Accounts Receivable is $15.68 Mil.
How does New Energy Exchange's Accounts Receivable compare to YGEHY and BSRC?
New Energy Exchange's Accounts Receivable of $15.68 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Accounts Receivable depends on the Semiconductors 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 New Energy Exchange and its competitors. New Energy Exchange's current Accounts Receivable is $15.68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Energy Exchange stock overvalued right now?
New Energy Exchange (EBODF) has a current Accounts Receivable of $15.68 Mil. The current Accounts Receivable is $15.68 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 New Energy Exchange (EBODF), the current Accounts Receivable is $15.68 Mil as of Jun. 2012. 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.

New Energy Exchange Business Description

Address Unit 1407, 14 Floor West Tower Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, HKG
New Energy Exchange Ltd is a renewable energy company. It is a service provider focusing on the new ecology of energy Internet and provides integrated solutions based on blockchain technologies. The company has three business division: Blockchain technology application; New energy and Internet+.