Armstrong Industrial Limited (SGX:A14) Accounts Receivable : S$65.2 Mil (As of Jun. 2013)

Armstrong Industrial Limited Accounts Receivable Chart

Armstrong Industrial Limited Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Accounts Receivable	Get a 7-Day Free Trial										58.12	57.05	53.77	55.74	65.17

Armstrong Industrial Limited Accounts Receivable Calculation

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

Armstrong Industrial Limited 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.

Armstrong Industrial Limited's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

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

Armstrong Industrial Limited's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 is calculated as:

* 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.

Armstrong Industrial Limited Accounts Receivable Related Terms

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Armstrong Industrial Limited (SGX:A14) Business Description