Anchor Capital Investments (FRA:ACP) Accounts Receivable : €0.01 Mil (As of Dec. 2016)

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What is Anchor Capital Investments Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Anchor Capital Investments's accounts receivables for the quarter that ended in Dec. 2016 was €0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Anchor Capital Investments's Days Sales Outstanding for the quarter that ended in Dec. 2016 was 2.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Anchor Capital Investments's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was €0.01.

Anchor Capital Investments Accounts Receivable Historical Data

The historical data trend for Anchor Capital Investments'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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Anchor Capital Investments Accounts Receivable Chart

Anchor Capital Investments Annual Data

Trend

Dec15

Dec16

Accounts Receivable

0.01

Anchor Capital Investments Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16
Accounts Receivable	-	0.01	-	0.01

Anchor Capital Investments Accounts Receivable Calculation

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

Anchor Capital Investments 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.

Anchor Capital Investments's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.009	/	0.642	*	91
=	2.56

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

Anchor Capital Investments's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 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)
=	(0.005	+	0.75 * 0.009	+	0.5 * 0	-	0.0029999999999997
-	0	-	0)	/	0.731
=	0.01

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.

Anchor Capital Investments Accounts Receivable Related Terms

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Anchor Capital Investments (FRA:ACP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Anchor Capital Investments Ltd (FRA:ACP) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Website

http://www.anchorcapitalinvestments.com

Anchor Capital Investments Ltd is an investment consultancy company. It provides financial consulting, financial analysis, listing on the Stock Exchanges, business plan development and website development services.