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Cynotech Holdings Limited (NZSE:CYTHA.PFD) Accounts Receivable : NZ$0.00 Mil (As of Mar. 2013)


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What is Cynotech Holdings Limited Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cynotech Holdings Limited's accounts receivables for the quarter that ended in Mar. 2013 was NZ$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cynotech Holdings Limited's Days Sales Outstanding for the quarter that ended in Mar. 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. Cynotech Holdings Limited's Net-Net Working Capital per share for the quarter that ended in Mar. 2013 was NZ$N/A.


Cynotech Holdings Limited Accounts Receivable Historical Data

The historical data trend for Cynotech Holdings Limited'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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Cynotech Holdings Limited Accounts Receivable Chart

Cynotech Holdings Limited Annual Data
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Accounts Receivable
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Cynotech Holdings Limited Semi-Annual Data
Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13
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Cynotech Holdings Limited Accounts Receivable Calculation

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


Cynotech Holdings Limited 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.

Cynotech Holdings Limited's Days Sales Outstanding for the quarter that ended in Mar. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1.854*91
=0.00

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

Cynotech Holdings Limited's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.653+0.75 * 0+0.5 * 0-10.658
-0-0)/0
=N/A

* 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.


Cynotech Holdings Limited Accounts Receivable Related Terms

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Cynotech Holdings Limited (NZSE:CYTHA.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Cynotech Holdings Limited (CYT-NZ) incorporates the following: Food manufacturing, Satellite Phone operations and a Finance Group.

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