Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Accounts Receivable : $5.47 Mil (As of Jun. 2016)

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What is Providence & Worcester Railroad Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Providence & Worcester Railroad Co's accounts receivables for the quarter that ended in Jun. 2016 was $5.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Providence & Worcester Railroad Co's Days Sales Outstanding for the quarter that ended in Jun. 2016 was 58.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Providence & Worcester Railroad Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-5.43.

Providence & Worcester Railroad Co Accounts Receivable Historical Data

The historical data trend for Providence & Worcester Railroad Co'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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Providence & Worcester Railroad Co Accounts Receivable Chart

Providence & Worcester Railroad Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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3.57

4.46

5.73

5.01

4.98

Providence & Worcester Railroad Co Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Accounts Receivable	Get a 7-Day Free Trial															4.30	5.16	4.98	4.17	5.47

Providence & Worcester Railroad Co Accounts Receivable Calculation

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

Providence & Worcester Railroad Co 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.

Providence & Worcester Railroad Co's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.466	/	8.6	*	91
=	58.00

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

Providence & Worcester Railroad Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 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)
=	(8.607	+	0.75 * 5.466	+	0.5 * 1.208	-	39.68
-	0.032	-	0)	/	4.86659
=	-5.43

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.

Providence & Worcester Railroad Co Accounts Receivable Related Terms

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Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Providence & Worcester Railroad Co (NAS:PWX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pwrr.com

Providence & Worcester Railroad Co commenced its operations in 1973. The Company is a short-line freight railroad as defined by the American Association of Railroads operating in Massachusetts, Rhode Island, Connecticut and New York. The Company is the only interstate freight carrier serving the State of Rhode Island. The Company services the international double-stack intermodal terminal facility in New England in Worcester, Massachusetts, a strategic location for regional transportation and distribution enterprises. The Company transports commodities for its customers, including automobiles, construction aggregates, iron and steel products, chemicals and plastics, lumber, scrap metals, plastic resins, cement, coal, construction and demolition debris, and processed foods and edible foodstuffs, such as corn syrup and vegetable oils. Its customers include Exxon Mobil Corporation, Ford Motor Company, Frito-Lay, Inc., Global LLP, GDF SUEZ Energy North America, International Paper Company, Lehigh Cement, Cargill, Inc., Northeast Utilities, Nucor Steel, Rawson Materials, Renewable Products Marketing Group, Subaru of New England, Tilcon Connecticut, Inc. and Toray Plastics, Inc. The Company competes with other carriers in the siting of new rail-oriented businesses in the region. The Company also competes with other modes of transportation, particularly long-haul trucking companies, for the transportation of commodities, and ocean-going vessels for the transportation of containers. The Company is subject to governmental regulation by the STB, the FRA, the Transportation Security Administration and other federal, state and local regulatory authorities with respect to certain rates and railroad operations, as well as a variety of health, safety, labor, environmental and other matters.

Executives

Daniel T Noreck	officer: Treasurer and CFO	75 HAMMOND STREET, WORCESTER MA 01610
P Scott Conti	director, officer: President and COO	75 HAMMOND STREET, WORCESTER MA 01610
Robert H Eder	director, 10 percent owner, officer: Chief Executive Officer	5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Linda Eder	10 percent owner	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Craig M Scott	director	75 HAMMOND STREET, WORCESTER MA 01610
Stephen J Carlotti	10 percent owner	1500 FLEET CENTER, PROVIDENCE RI 02903
Merrill W Sherman	director	131 CLARENDON STREET, BOSTON MA 02116

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