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Omagine (Omagine) Accounts Receivable : $0.00 Mil (As of Sep. 2017)


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What is Omagine Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Omagine's accounts receivables for the quarter that ended in Sep. 2017 was $0.00 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. Omagine's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $-2.01.


Omagine Accounts Receivable Historical Data

The historical data trend for Omagine'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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Omagine Accounts Receivable Chart

Omagine Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
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Omagine Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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Omagine Accounts Receivable Calculation

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


Omagine 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.

Omagine's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

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

Omagine's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 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)
=(0.059+0.75 * 0+0.5 * 490.813-2.963
-0-287.076)/22.1523
=-2.01

* 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.


Omagine Accounts Receivable Related Terms

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Omagine (Omagine) Business Description

Traded in Other Exchanges
N/A
Address
136 Madison Avenue, 5th Floor, New York, NY, USA, 10016
Omagine Inc is a holding company. The company is focused on entertainment, hospitality and real estate development opportunities in the Middle East and North Africa (the MENA Region) and on the design and development of distinctive tourism destinations. Omagine along with its subsidiary, design, develop, own and operate its initial project, a mixed-use tourism and real estate project named the Omagine Project. The Omagine Project is an integration of cultural, heritage, educational, entertainment and residential components, including a high culture theme park containing seven pearl shaped buildings.
Executives
Jack A Smith director 5900 LAKE ELLENOR DRIVE, ORLANDO FL 32809

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