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Tamar European Industrial Fund (LSE:TEIF) Accounts Receivable : £0.00 Mil (As of Dec. 2013)


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What is Tamar European Industrial Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tamar European Industrial Fund's accounts receivables for the quarter that ended in Dec. 2013 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tamar European Industrial Fund's Days Sales Outstanding for the quarter that ended in Dec. 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. Tamar European Industrial Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was £-0.67.


Tamar European Industrial Fund Accounts Receivable Historical Data

The historical data trend for Tamar European Industrial Fund'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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Tamar European Industrial Fund Accounts Receivable Chart

Tamar European Industrial Fund Annual Data
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Tamar European Industrial Fund Semi-Annual Data
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Tamar European Industrial Fund Accounts Receivable Calculation

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


Tamar European Industrial Fund 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.

Tamar European Industrial Fund's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/5.971*91
=0.00

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

Tamar European Industrial Fund'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+0.75 * 0+0.5 * 0-93.542
-0-0)/140.000
=-0.67

* 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.


Tamar European Industrial Fund Accounts Receivable Related Terms

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Tamar European Industrial Fund (LSE:TEIF) Business Description

Traded in Other Exchanges
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Address
Tamar European Industrial Fund Ltd is a closed-ended, investment company incorporated on 25 August 2006. Its Investment objective is to invest in industrial real estate assets primarily across Western and Northern European jurisdictions excluding the United Kingdom and Nordic area.

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