National Tax Credit Partners LP (National Tax Credit Partners LP) Accounts Receivable : $0.01 Mil (As of Dec. 2012)

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What is National Tax Credit Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. National Tax Credit Partners LP's accounts receivables for the quarter that ended in Dec. 2012 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. National Tax Credit Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was $-51.43.

National Tax Credit Partners LP Accounts Receivable Historical Data

The historical data trend for National Tax Credit Partners LP'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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National Tax Credit Partners LP Accounts Receivable Chart

National Tax Credit Partners LP Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Accounts Receivable

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0.01

National Tax Credit Partners LP Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	0.01

National Tax Credit Partners LP Accounts Receivable Calculation

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

National Tax Credit Partners LP 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.

National Tax Credit Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.006	/	0	*	91
=

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

National Tax Credit Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 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)
=	(0.058	+	0.75 * 0.006	+	0.5 * 0	-	1.269
-	0	-	0)	/	0.02346
=	-51.43

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.

National Tax Credit Partners LP Accounts Receivable Related Terms

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National Tax Credit Partners LP (National Tax Credit Partners LP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » National Tax Credit Partners LP (OTCPK:NTXCZ) » Definitions » Accounts Receivable

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National Tax Credit Partners, L.P. is a limited partnership formed under the laws of the State of California on March 7, 1989. The Partnership was formed to invest primarily in other limited partnerships (the Local Partnerships) which own or lease and operate multifamily housing complexes that are eligible for low-income housing tax credits, or in certain cases, historic rehabilitation tax credits (Tax Credits). The general partner of the Partnership (the General Partner) is National Partnership Investments Corp. The Partnership holds limited partnership interests in twelve Local Partnerships, located in six states and Puerto Rico. The Local Partnerships own residential projects consisting of 682 apartment units.

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