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FDEI (Fidelis Energy) Accounts Receivable : $0.34 Mil (As of Mar. 2007)


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What is Fidelis Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fidelis Energy's accounts receivables for the quarter that ended in Mar. 2007 was $0.34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fidelis Energy's Days Sales Outstanding for the quarter that ended in Mar. 2007 was 57.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fidelis Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2007 was $-0.04.


Fidelis Energy Accounts Receivable Historical Data

The historical data trend for Fidelis Energy'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.

Fidelis Energy Accounts Receivable Chart

Fidelis Energy Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Accounts Receivable
Get a 7-Day Free Trial - - - 0.71 0.39

Fidelis Energy Quarterly Data
Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07
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 0.29 0.31 0.58 0.39 0.34

Fidelis Energy Accounts Receivable Calculation

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


Fidelis Energy 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.

Fidelis Energy's Days Sales Outstanding for the quarter that ended in Mar. 2007 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.336/0.532*91
=57.63

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

Fidelis Energy's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2007 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)
=(0.004+0.75 * 0.336+0.5 * 0-6.514
-0-0)/166.834
=-0.04

* 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.


Fidelis Energy Accounts Receivable Related Terms

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Fidelis Energy Business Description

Traded in Other Exchanges
N/A
Address
9107 Wilshire Boulevard, Suite 355, Beverly Hills, CA, USA, 90210
Fidelis Energy Inc is focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. It is also in the development stage of designing solar photovoltaic cell technology products.

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