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Acurity Health Group (NZSE:ACY) Accounts Receivable : NZ$0.00 Mil (As of Mar. 2014)


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What is Acurity Health Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Acurity Health Group's accounts receivables for the quarter that ended in Mar. 2014 was NZ$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Acurity Health Group's Days Sales Outstanding for the quarter that ended in Mar. 2014 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. Acurity Health Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2014 was NZ$-3.05.


Acurity Health Group Accounts Receivable Historical Data

The historical data trend for Acurity Health Group'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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Acurity Health Group Accounts Receivable Chart

Acurity Health Group Annual Data
Trend Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14
Accounts Receivable
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Acurity Health Group Semi-Annual Data
Mar02 Mar03 Sep03 Mar04 Sep04 Mar05 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14
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Acurity Health Group Accounts Receivable Calculation

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


Acurity Health Group 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.

Acurity Health Group's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/48.543*91
=0.00

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

Acurity Health Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2014 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)
=(1.788+0.75 * 0+0.5 * 2.124-55.514
-0-0)/17.260
=-3.05

* 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.


Acurity Health Group Accounts Receivable Related Terms

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Acurity Health Group (NZSE:ACY) Business Description

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Acurity Health Group Ltd provides private surgical healthcare services. It owns and operates approximately three private surgical hospitals. Its surgical services include cosmetic surgery, hip and knee replacement, and hernia surgery, among others.

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