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Central Gold-Trust (Central Gold-Trust) Accounts Receivable : $0.00 Mil (As of Sep. 2015)


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What is Central Gold-Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Central Gold-Trust's accounts receivables for the quarter that ended in Sep. 2015 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Central Gold-Trust's Days Sales Outstanding for the quarter that ended in Sep. 2015 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. Central Gold-Trust's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $20.47.


Central Gold-Trust Accounts Receivable Historical Data

The historical data trend for Central Gold-Trust'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.

Central Gold-Trust Accounts Receivable Chart

Central Gold-Trust Annual Data
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Central Gold-Trust Quarterly Data
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Central Gold-Trust Accounts Receivable Calculation

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


Central Gold-Trust 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.

Central Gold-Trust's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.003*91
=0.00

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

Central Gold-Trust's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(4.19+0.75 * 0+0.5 * 784.982-1.5559999999999
-0-0)/19.299
=20.47

* 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.


Central Gold-Trust Accounts Receivable Related Terms

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Central Gold-Trust (Central Gold-Trust) Business Description

Traded in Other Exchanges
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Address
Central Gold-Trust was established on April 28, 2003 in Canada. It is a passive, self-governing, single purpose, closed-end trust. It was established to buy and hold substantially all of its assets in gold bullion. The objective of the Company is to provide a secure, convenient, low-cost, exchange-tradeable investment alternative for investors interested in holding gold bullion.

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