Oakbay Resources and Energy (JSE:46926) Accounts Receivable : R0.0 Mil (As of Feb. 2017)

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What is Oakbay Resources and Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oakbay Resources and Energy's accounts receivables for the quarter that ended in Feb. 2017 was R0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Oakbay Resources and Energy's Days Sales Outstanding for the quarter that ended in Feb. 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. Oakbay Resources and Energy's Net-Net Working Capital per share for the quarter that ended in Feb. 2017 was R-5.43.

Oakbay Resources and Energy Accounts Receivable Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Accounts Receivable Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Accounts Receivable

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Accounts Receivable	Get a 7-Day Free Trial			-	1.60	-	17.26	-

Oakbay Resources and Energy Accounts Receivable Calculation

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

Oakbay Resources and Energy 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.

Oakbay Resources and Energy's Days Sales Outstanding for the quarter that ended in Feb. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	219.112	*	91
=	0.00

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

Oakbay Resources and Energy's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(4.528	+	0.75 * 0	+	0.5 * 188.499	-	2817.387
-	0	-	1627.843)	/	800
=	-5.43

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.

Oakbay Resources and Energy Accounts Receivable Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Accounts Receivable

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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