BlackRock New Energy Investment Trust (LSE:BRNS) Accounts Receivable : £0.00 Mil (As of Oct. 2013)

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What is BlackRock New Energy Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlackRock New Energy Investment Trust's accounts receivables for the quarter that ended in Oct. 2013 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlackRock New Energy Investment Trust's Days Sales Outstanding for the quarter that ended in Oct. 2013 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. BlackRock New Energy Investment Trust's Net-Net Working Capital per share for the quarter that ended in Oct. 2013 was £-0.01.

BlackRock New Energy Investment Trust Accounts Receivable Historical Data

The historical data trend for BlackRock New Energy Investment 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.

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BlackRock New Energy Investment Trust Accounts Receivable Chart

BlackRock New Energy Investment Trust Annual Data

Trend

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Accounts Receivable

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BlackRock New Energy Investment Trust Semi-Annual Data
	Apr04	Oct04	Apr05	Oct05	Apr06	Oct06	Apr07	Oct07	Apr08	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

BlackRock New Energy Investment Trust Accounts Receivable Calculation

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

BlackRock New Energy Investment 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.

BlackRock New Energy Investment Trust's Days Sales Outstanding for the quarter that ended in Oct. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	9.409	*	91
=	0.00

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

BlackRock New Energy Investment Trust's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2013 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	+	0.75 * 0	+	0.5 * 0	-	2
-	0	-	0)	/	234.978
=	-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.

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BlackRock New Energy Investment Trust (LSE:BRNS) Business Description

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http://www.blackrock.co.uk/its

BlackRock New Energy Investment Trust PLC is an investment trust. Its objective is to generate long term capital growth for its shareholders by investing globally in companies which have a significant focus on alternative energy or energy technology. In seeking to achieve this objective, the company invests globally in companies that have a significant involvement in renewable energy, Developers, Renewable EnergyTechnology, Energy Efficiency, Alternative Fuels and Enabling Energy & Infrastructure.