Solidus Communications (Solidus Communications) Accounts Receivable : $0.00 Mil (As of Nov. 2016)

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What is Solidus Communications Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solidus Communications's accounts receivables for the quarter that ended in Nov. 2016 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solidus Communications's Days Sales Outstanding for the quarter that ended in Nov. 2016 was 3.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Solidus Communications's Net-Net Working Capital per share for the quarter that ended in Nov. 2016 was $-1.20.

Solidus Communications Accounts Receivable Historical Data

The historical data trend for Solidus Communications'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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Solidus Communications Accounts Receivable Chart

Solidus Communications Annual Data

Trend

Nov07

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Accounts Receivable

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Solidus Communications Semi-Annual Data
	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Nov13	Nov14	Nov15	Nov16
Accounts Receivable	Get a 7-Day Free Trial					-	-	-	-	-

Solidus Communications Accounts Receivable Calculation

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

Solidus Communications 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.

Solidus Communications's Days Sales Outstanding for the quarter that ended in Nov. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.003	/	0.152	*	91
=	3.60

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

Solidus Communications's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=	(0.021	+	0.75 * 0.003	+	0.5 * 0	-	5.162
-	0	-	0)	/	4.29262
=	-1.20

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.

Solidus Communications Accounts Receivable Related Terms

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Solidus Communications (Solidus Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Solidus Communications Inc (OTCPK:SLDC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

454 South Yonge Street, Suite 3A, Ormond Beach, FL, USA, 32174

Website

https://www.soliduscommunications.com

Solidus Communications Inc offers telecommunication services and equipment, including mobile phones, mobile voice service, and VoIP service. It offers prepaid service/plans that include predefined minute/unlimited minute plans. It offers services under the brand names Amgentech and Telco Cuba. Under the brand name Telco Cuba, the company is targeting the Cuban American demographic in the United States. Under the brand name Amgentech, offers the best of breed technology solutions which include, but are not limited to Software and Network architecture services, software development, website development, hosting and colocation services, managed network and server services, voice over IP servers and bulk mailing services.

Executives

Jmz Alliance Group, Inc.	10 percent owner	1108 KANE CONCOURSE, #206, HARBOR ISLANDS FL 33154
Pucillo Frederick J. Jr.	director, officer: CEO, President	111 AIRPORT RD., UNIT 5, WARWICK RI 02889
Malkeet Singh Bains	director, 10 percent owner, officer: President, Secretary-Treasurer	7445 132ND STREET, SUITE 2008, SURREY A1 V3W 5S8

Solidus Communications (Solidus Communications) Headlines

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