Bullabulling Gold (LSE:BGL) Accounts Receivable : £0.00 Mil (As of Jun. 2014)

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What is Bullabulling Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bullabulling Gold's accounts receivables for the quarter that ended in Jun. 2014 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bullabulling Gold's Days Sales Outstanding for the quarter that ended in Jun. 2014 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. Bullabulling Gold's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was £-0.00.

Bullabulling Gold Accounts Receivable Historical Data

The historical data trend for Bullabulling Gold'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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Bullabulling Gold Accounts Receivable Chart

Bullabulling Gold Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Accounts Receivable

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Bullabulling Gold Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14
Accounts Receivable	-	-	-	-	-

Bullabulling Gold Accounts Receivable Calculation

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

Bullabulling Gold 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.

Bullabulling Gold's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.041	*	91
=	0.00

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

Bullabulling Gold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=	(1.137	+	0.75 * 0	+	0.5 * 0	-	1.717
-	0	-	0)	/	350.49
=	-0.00

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.

Bullabulling Gold Accounts Receivable Related Terms

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Bullabulling Gold (LSE:BGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullabulling Gold Ltd (LSE:BGL) » Definitions » Accounts Receivable

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Website

http://www.bullabullinggold.com

Bullabulling Gold Ltd wass incorporated on 15 September 2011 in Australia. The Company is a mining exploration and development company. It is primarily focused on development of the wholly owned Bullabulling Gold Project. Bullabulling is located in the Eastern Goldfields of Western Australia, approximately 60km from Kalgoorlie.

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