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Cayenne Trust (The) (LSE:TCT) Accounts Receivable : £0.00 Mil (As of Jul. 2015)


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What is Cayenne Trust (The) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cayenne Trust (The)'s accounts receivables for the quarter that ended in Jul. 2015 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cayenne Trust (The)'s Days Sales Outstanding for the quarter that ended in Jul. 2015 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. Cayenne Trust (The)'s Net-Net Working Capital per share for the quarter that ended in Jul. 2015 was £-0.04.


Cayenne Trust (The) Accounts Receivable Historical Data

The historical data trend for Cayenne Trust (The)'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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Cayenne Trust (The) Accounts Receivable Chart

Cayenne Trust (The) Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15
Accounts Receivable
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Cayenne Trust (The) Semi-Annual Data
Jan06 Jul06 Jan07 Jul07 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12 Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul15
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Cayenne Trust (The) Accounts Receivable Calculation

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


Cayenne Trust (The) 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.

Cayenne Trust (The)'s Days Sales Outstanding for the quarter that ended in Jul. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.93*91
=0.00

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

Cayenne Trust (The)'s Net-Net Working Capital Per Share for the quarter that ended in Jul. 2015 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 * 0-1.026
-0-0)/24.7787
=-0.04

* 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.


Cayenne Trust (The) Accounts Receivable Related Terms

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Cayenne Trust (The) (LSE:TCT) Business Description

Traded in Other Exchanges
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Address
Cayenne Trust (The) PLC is an investment trust incorporated on December 14, 1992. The Company's investment objective is to achieve consistent positive absolute returns. It invests principally in the securities of UK investment trust companies and other closed-end funds. It also has the flexibility to invest in listed or unlisted open-ended funds and may invest in any security issued by any exchange traded fund, investment fund, investment company, holding company or similar collective investment scheme.

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