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1st NRG (1st NRG) Accounts Receivable : $0.00 Mil (As of Sep. 2009)


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What is 1st NRG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 1st NRG's accounts receivables for the quarter that ended in Sep. 2009 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. 1st NRG's Net-Net Working Capital per share for the quarter that ended in Sep. 2009 was $-2,838.89.


1st NRG Accounts Receivable Historical Data

The historical data trend for 1st NRG'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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1st NRG Accounts Receivable Chart

1st NRG Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Accounts Receivable
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1st NRG Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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1st NRG Accounts Receivable Calculation

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


1st NRG 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.

1st NRG's Days Sales Outstanding for the quarter that ended in Sep. 2009 is calculated as:

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 1st NRG's accounts receivable are only considered to be worth 75% of book value:

1st NRG's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2009 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+0.75 * 0+0.5 * 0-1.533
-0-0)/0.00054
=-2,838.89

* 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.


1st NRG Accounts Receivable Related Terms

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1st NRG (1st NRG) Business Description

Traded in Other Exchanges
N/A
Address
1531 Stout Street, Suite 607, Denver, CO, USA, 80202
1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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