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SeaDragon (NZSE:SEA) Accounts Receivable : NZ$0.46 Mil (As of Sep. 2019)


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What is SeaDragon Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SeaDragon's accounts receivables for the quarter that ended in Sep. 2019 was NZ$0.46 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SeaDragon's Days Sales Outstanding for the quarter that ended in Sep. 2019 was 17.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SeaDragon's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was NZ$-0.01.


SeaDragon Accounts Receivable Historical Data

The historical data trend for SeaDragon'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.

SeaDragon Accounts Receivable Chart

SeaDragon Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.12 0.27 0.23 0.03

SeaDragon Semi-Annual Data
Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
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 0.27 0.53 0.23 0.46 0.03

SeaDragon Accounts Receivable Calculation

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


SeaDragon 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.

SeaDragon's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.456/4.887*91
=17.03

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

SeaDragon's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 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)
=(1.214+0.75 * 0.456+0.5 * 1.671-2.728
-0-0)/48.433
=-0.01

* 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.


SeaDragon Accounts Receivable Related Terms

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SeaDragon (NZSE:SEA) Business Description

Traded in Other Exchanges
N/A
Address
12 Nayland Road, Stoke, Nelson, NZL, 7011
SeaDragon Ltd is engaged in the manufacture of refined fish oils. The Company's products include Omega-2 and Omega-3. Its Omega-2 product is sourced from either animal or vegetable sources and is used in the cosmetics, nutraceutical, pharmaceutical industries, lubrication and in fiber coatings. The Omega-3 products involve tuna and marine-farmed salmon which help in the processing of initial unrefined oils. The company exports its products to various countries, which include Australia, South East and North Asia, Japan, the European Union, China, the United States and Canada.

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