SilverCrest Mines (FRA:CW5) Accounts Receivable : €0.09 Mil (As of Jun. 2015)

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What is SilverCrest Mines Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SilverCrest Mines's accounts receivables for the quarter that ended in Jun. 2015 was €0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SilverCrest Mines's Days Sales Outstanding for the quarter that ended in Jun. 2015 was 0.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SilverCrest Mines's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was €0.01.

SilverCrest Mines Accounts Receivable Historical Data

The historical data trend for SilverCrest Mines'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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SilverCrest Mines Accounts Receivable Chart

SilverCrest Mines Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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0.10

0.41

0.38

0.09

1.94

SilverCrest Mines Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Accounts Receivable	Get a 7-Day Free Trial															0.14	0.28	1.94	0.06	0.09

SilverCrest Mines Accounts Receivable Calculation

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

SilverCrest Mines 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.

SilverCrest Mines's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.086	/	18.471	*	91
=	0.42

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

SilverCrest Mines's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 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)
=	(32.43	+	0.75 * 0.086	+	0.5 * 9.154	-	36.413
-	0	-	0)	/	118.753
=	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.

SilverCrest Mines Accounts Receivable Related Terms

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SilverCrest Mines (FRA:CW5) Business Description

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Website

http://www.silvercrestmines.com

SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).

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