Noble Investments (UK) (LSE:NBL) Accounts Receivable : £0.00 Mil (As of Feb. 2013)

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What is Noble Investments (UK) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Noble Investments (UK)'s accounts receivables for the quarter that ended in Feb. 2013 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Noble Investments (UK)'s Days Sales Outstanding for the quarter that ended in Feb. 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. Noble Investments (UK)'s Net-Net Working Capital per share for the quarter that ended in Feb. 2013 was £-0.24.

Noble Investments (UK) Accounts Receivable Historical Data

The historical data trend for Noble Investments (UK)'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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Noble Investments (UK) Accounts Receivable Chart

Noble Investments (UK) Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Accounts Receivable

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1.86

1.17

2.09

1.28

3.10

Noble Investments (UK) Semi-Annual Data
	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06	Feb07	Aug07	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13
Accounts Receivable	Get a 7-Day Free Trial															-	1.28	-	3.10	-

Noble Investments (UK) Accounts Receivable Calculation

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

Noble Investments (UK) 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.

Noble Investments (UK)'s Days Sales Outstanding for the quarter that ended in Feb. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	8.081	*	91
=	0.00

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

Noble Investments (UK)'s Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(4.171	+	0.75 * 0	+	0.5 * 10.243	-	13.227
-	0	-	0)	/	16.4398
=	-0.24

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.

Noble Investments (UK) Accounts Receivable Related Terms

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Noble Investments (UK) (LSE:NBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Noble Investments (UK) PLC (LSE:NBL) » Definitions » Accounts Receivable

Comparable Companies

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Address

Website

http://www.nobleinvestmentsplc.com

Noble Investments (UK) PLC is engaged in collectibles retail trading and auctions, including rare coins, stamps, tokens, medals and banknotes. Its two segments are Retail trading and related; and Auctions, commissions and fees. Its provides personalized consultancy services to collectors and dealers in English, Ancient and Foreign coins, Commemorative medals and World tokens, Numismatic and Philatelic Books, Banknotes and Paper Ephemera, Military orders and decorations, and World stamps. It operates under Baldwins's and Apex brands. The group has operations in United Kingdom, North America, Europe, and in other part of the world.