NOEC (New Oriental Energy & Chemical) Accounts Receivable: $0.08 Mil (As of Dec. 2010)

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What is New Oriental Energy & Chemical Accounts Receivable?

New Oriental Energy & Chemical NOEC -99.00% Accounts Receivable is $0.08 Mil as of Dec. 2010.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Oriental Energy & Chemical's accounts receivables for the quarter that ended in Dec. 2010 was $0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Oriental Energy & Chemical's Days Sales Outstanding for the quarter that ended in Dec. 2010 was 7.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Oriental Energy & Chemical's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was $-2.97.

New Oriental Energy & Chemical 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.

New Oriental Energy & Chemical's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.077/0.944*91
=7.44

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

New Oriental Energy & Chemical's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2010 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)
=(0.127+0.75 * 0.077+0.5 * 1.512-51.388
-0-0)/17.012
=-2.97

* 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.

New Oriental Energy & Chemical Accounts Receivable Related Terms

New Oriental Energy & Chemical Accounts Receivable Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Accounts Receivable Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
Accounts Receivable
0.00 0.16 0.00 0.02 0.23

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 0.43 0.23 0.23 0.22 0.08

New Oriental Energy & Chemical Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.08 Mil mean?
New Oriental Energy & Chemical (NOEC) has a Accounts Receivable of $0.08 Mil as of Dec. 2010. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on New Oriental Energy & Chemical and its competitors.
Is New Oriental Energy & Chemical's Accounts Receivable too high?
New Oriental Energy & Chemical's current Accounts Receivable is $0.08 Mil.
How does New Oriental Energy & Chemical's Accounts Receivable compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's Accounts Receivable of $0.08 Mil can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Agriculture company?
A good Accounts Receivable depends on the Agriculture industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on New Oriental Energy & Chemical and its competitors. New Oriental Energy & Chemical's current Accounts Receivable is $0.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current Accounts Receivable of $0.08 Mil. The current Accounts Receivable is $0.08 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For New Oriental Energy & Chemical (NOEC), the current Accounts Receivable is $0.08 Mil as of Dec. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.