WesternZagros Resources (FRA:44W) Accounts Receivable : €0.00 Mil (As of Mar. 2017)

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What is WesternZagros Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WesternZagros Resources's accounts receivables for the quarter that ended in Mar. 2017 was €0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WesternZagros Resources's Days Sales Outstanding for the quarter that ended in Mar. 2017 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WesternZagros Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was €-0.28.

WesternZagros Resources Accounts Receivable Historical Data

The historical data trend for WesternZagros Resources'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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WesternZagros Resources Accounts Receivable Chart

WesternZagros Resources Annual Data

Trend

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Accounts Receivable

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WesternZagros Resources Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

WesternZagros Resources Accounts Receivable Calculation

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

WesternZagros Resources 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.

WesternZagros Resources's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	7.126	*	91
=	0.00

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

WesternZagros Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 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)
=	(21.027	+	0.75 * 0	+	0.5 * 0	-	19.681
-	146.071	-	0)	/	511.945
=	-0.28

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.

WesternZagros Resources Accounts Receivable Related Terms

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WesternZagros Resources (FRA:44W) Business Description

Industry

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Address

Website

http://www.westernzagros.com

WesternZagros Resources, Ltd. was incorporated under the ABCA on August 22, 2007. It is a publicly traded, Calgary-based, international oil and gas company focused on acquiring properties and exploring for developing and producing crude oil and natural gas in the Kurdistan Region of Iraq. It holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq that are both on trend with, and adjacent to, a number of prolific oil and gas discoveries. The Company through its wholly-owned subsidiaries holds a 40 percent working interest in each of the Garmian Production Sharing Contracts and the Kurdamir Production Sharing Contracts. It competes with numerous other organizations in the search for, and the acquisition of, oil and natural gas properties and in the marketing of oil and natural gas. The Company's operations are subject to general and specific regulations and restrictions governing drilling, production and processing, land tenure and use, environmental requirements, including site-specific environmental licences, permits and remediation requirements, workplace health and safety requirements, social impacts and other laws and regulations.

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