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Photoelectron (Photoelectron) Accounts Receivable : $0.19 Mil (As of Sep. 2002)


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What is Photoelectron Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Photoelectron's accounts receivables for the quarter that ended in Sep. 2002 was $0.19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Photoelectron's Days Sales Outstanding for the quarter that ended in Sep. 2002 was 37.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Photoelectron's Net-Net Working Capital per share for the quarter that ended in Sep. 2002 was $-1.41.


Photoelectron Accounts Receivable Historical Data

The historical data trend for Photoelectron'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.

Photoelectron Accounts Receivable Chart

Photoelectron Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01
Accounts Receivable
Get a 7-Day Free Trial - - 0.10 - 0.28

Photoelectron Quarterly Data
Dec97 Mar98 Jun98 Sep98 Dec98 Mar99 Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02
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 0.17 0.28 0.33 0.40 0.19

Photoelectron Accounts Receivable Calculation

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


Photoelectron 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.

Photoelectron's Days Sales Outstanding for the quarter that ended in Sep. 2002 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.186/0.448*91
=37.89

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

Photoelectron's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2002 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)
=(1.451+0.75 * 0.186+0.5 * 1.458-16.527
-0-0)/10.0549
=-1.41

* 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.


Photoelectron Accounts Receivable Related Terms

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Photoelectron (Photoelectron) Business Description

Traded in Other Exchanges
N/A
Address
9 Executive Park Drive, North Billerica, Billerica, MA, USA, 01862
Website
Photoelectron Corp is engaged in the design, development & commercialization of the Photon Radiosurgery System, a proprietary, therapeutic device for the treatment of cancerous tumors through the application of x-ray radiation directly to the tumor site. It is manufacturing miniature x-ray systems for a variety of applications in healthcare and non-healthcare related markets.

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