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nFinanSe (nFinanSe) Accounts Receivable : $0.65 Mil (As of Sep. 2011)


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What is nFinanSe Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. nFinanSe's accounts receivables for the quarter that ended in Sep. 2011 was $0.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. nFinanSe's Days Sales Outstanding for the quarter that ended in Sep. 2011 was 40.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. nFinanSe's Net-Net Working Capital per share for the quarter that ended in Sep. 2011 was $-0.03.


nFinanSe Accounts Receivable Historical Data

The historical data trend for nFinanSe'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.

nFinanSe Accounts Receivable Chart

nFinanSe Annual Data
Trend Aug01 Aug02 Aug03 Sep04 Sep05 Sep06 Dec07 Dec08 Dec09 Dec10
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.05 0.19 0.32

nFinanSe Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.32 0.49 1.25 0.65

nFinanSe Accounts Receivable Calculation

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


nFinanSe 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.

nFinanSe's Days Sales Outstanding for the quarter that ended in Sep. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.651/1.463*91
=40.60

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

nFinanSe's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2011 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)
=(1.518+0.75 * 0.651+0.5 * 0.301-3.118
-0.024-0)/31.8778
=-0.03

* 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.


nFinanSe Accounts Receivable Related Terms

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nFinanSe (nFinanSe) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 89233, Tampa, FL, USA, 33619
nFinanSe Inc is a United States based provider of stored value cards for a variety of markets, including grocery stores, convenience stores and general merchandise stores.
Executives
Donald A Harris director C/O NFINANSE INC., 3923 COCONUT PALM DRIVE, SUITE 107, TAMPA FL 33619
Trellus Partners Lp 10 percent owner CHRISTINE STAMAS
Adam Usdan 10 percent owner C/O TRELLUS MANAGEMENT COMPANY, LLC, 350 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10017

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