Sipp Industries (Sipp Industries) Accounts Receivable : $0.00 Mil (As of Dec. 2006)

View and export this data going back to 2007. Start your Free Trial

What is Sipp Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sipp Industries's accounts receivables for the quarter that ended in Dec. 2006 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sipp Industries's Days Sales Outstanding for the quarter that ended in Dec. 2006 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sipp Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2006 was $-0.00.

Sipp Industries Accounts Receivable Historical Data

The historical data trend for Sipp Industries'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.

Sipp Industries Accounts Receivable Chart

Sipp Industries Annual Data

Trend

Dec04

Dec05

Dec06

Accounts Receivable

Sipp Industries Semi-Annual Data
	Dec04	Dec05	Dec06
Accounts Receivable	-	-	-

Sipp Industries Accounts Receivable Calculation

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

Sipp Industries 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.

Sipp Industries's Days Sales Outstanding for the quarter that ended in Dec. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.003	*	91
=	0.00

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

Sipp Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2006 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	+	0.75 * 0	+	0.5 * 0	-	0.006
-	0	-	0)	/	12.094
=	-0.00

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.

Sipp Industries Accounts Receivable Related Terms

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

Sipp Industries (Sipp Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Sipp Industries Inc (OTCPK:SIPC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Anton Boulevard, Suite 1100, Costa Mesa, CA, USA, 92626

Website

http://www.sippindustries.com

Sipp Industries Inc is a is a brand owner of craft hemp beer and spirits. It forms strategic partnerships with craft breweries and distilleries to produce its products. The Company partners with local and national distributors to promote and market the beverages to events, bars, restaurants, lounges, clubs, and retail stores.