GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Asia Power Corp Ltd (SGX:A03) » Definitions » Accounts Receivable

Asia Power (SGX:A03) Accounts Receivable : S$3.59 Mil (As of Sep. 2013)


View and export this data going back to . Start your Free Trial

What is Asia Power Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Asia Power's accounts receivables for the quarter that ended in Sep. 2013 was S$3.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Asia Power's Days Sales Outstanding for the quarter that ended in Sep. 2013 was 39.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Asia Power's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was S$-0.09.


Asia Power Accounts Receivable Historical Data

The historical data trend for Asia Power'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.

Asia Power Accounts Receivable Chart

Asia Power Annual Data
Trend Jun03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.96 25.17 10.46 8.12 6.02

Asia Power Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 6.19 6.02 4.85 3.48 3.59

Asia Power Accounts Receivable Calculation

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


Asia Power 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.

Asia Power's Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.594/8.273*91
=39.64

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

Asia Power's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(43.627+0.75 * 3.594+0.5 * 1.406-65.321
-0-24.757)/465.922
=-0.09

* 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.


Asia Power Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Asia Power's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Asia Power (SGX:A03) Business Description

Traded in Other Exchanges
N/A
Address
Asia Power Corporation Limited is incorporated in Singapore. The Company is engaged in the business of ownership, management and operation of power plants in China. The Company operates under the following segments: Power plant operations which include owning, managing and operating power plants to generate and sell power, heat and steam; Power-related technology which includes design, manufacture and assembly of computerized automation systems which are used for the regulation of electricity flow and protection of power grids; Investment holding and others which include Holding of long-term investments and provision of power related business consultancy and management services.

Asia Power (SGX:A03) Headlines

No Headlines