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Pan European Terminals (LSE:PAN) Accounts Receivable : £0.43 Mil (As of Dec. 2013)


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What is Pan European Terminals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pan European Terminals's accounts receivables for the quarter that ended in Dec. 2013 was £0.43 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pan European Terminals's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 9.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pan European Terminals's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was £-0.10.


Pan European Terminals Accounts Receivable Historical Data

The historical data trend for Pan European Terminals'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.

Pan European Terminals Accounts Receivable Chart

Pan European Terminals Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 3.95 7.42 3.61 - 0.43

Pan European Terminals Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.61 4.52 - 3.98 0.43

Pan European Terminals Accounts Receivable Calculation

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


Pan European Terminals 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.

Pan European Terminals's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.43/7.855*91
=9.99

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

Pan European Terminals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.671+0.75 * 0.43+0.5 * 0.78-10.962
-0-0)/99.952
=-0.10

* 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.


Pan European Terminals Accounts Receivable Related Terms

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Pan European Terminals (LSE:PAN) Business Description

Traded in Other Exchanges
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Address
Pan European Terminals PLC is incorporated in United Kingdom. The Company is engaged in the development and operation of hydrocarbon transhipment terminals in the Netherlands, Denmark and the Russian Federation. It also leases and operates tanks in Rotterdam. The Company also carries out trading in refined products.

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