SOPV (Solar Park Initiatives) Accounts Receivable: $0.01 Mil (As of Jun. 2011)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Solar Park Initiatives Accounts Receivable?

Solar Park Initiatives SOPV -90.00% Accounts Receivable is $0.01 Mil as of Jun. 2011.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solar Park Initiatives's accounts receivables for the quarter that ended in Jun. 2011 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solar Park Initiatives's Days Sales Outstanding for the quarter that ended in Jun. 2011 was 28.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Solar Park Initiatives's Net-Net Working Capital per share for the quarter that ended in Jun. 2011 was $-0.01.

Solar Park Initiatives 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.

Solar Park Initiatives's Days Sales Outstanding for the quarter that ended in Jun. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.012/0.039*91
=28.08

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

Solar Park Initiatives's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2011 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)
=(0.010846+0.75 * 0.012+0.5 * 0-0.557201
-0-0)/60.781019
=-0.01

* 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.

Solar Park Initiatives Accounts Receivable Related Terms

Solar Park Initiatives Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Solar Park Initiatives'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.

Solar Park Initiatives Accounts Receivable Chart

Solar Park Initiatives Annual Data
Trend Sep08 Sep09 Sep10
Accounts Receivable
- - -

Solar Park Initiatives Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - 0.01

Solar Park Initiatives Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.01 Mil mean?
Solar Park Initiatives (SOPV) has a Accounts Receivable of $0.01 Mil as of Jun. 2011. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Solar Park Initiatives and its competitors.
Is Solar Park Initiatives' Accounts Receivable too high?
Solar Park Initiatives' current Accounts Receivable is $0.01 Mil.
How does Solar Park Initiatives' Accounts Receivable compare to ABCE and LIBE?
Solar Park Initiatives' Accounts Receivable of $0.01 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Semiconductors company?
A good Accounts Receivable depends on the Semiconductors industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Solar Park Initiatives and its competitors. Solar Park Initiatives's current Accounts Receivable is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Park Initiatives stock overvalued right now?
Solar Park Initiatives (SOPV) has a current Accounts Receivable of $0.01 Mil. The current Accounts Receivable is $0.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Solar Park Initiatives (SOPV), the current Accounts Receivable is $0.01 Mil as of Jun. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Solar Park Initiatives Business Description

Address 2500 Regency Parkway, Suite 200, Cary, NC, USA, 27518
Solar Park Initiatives Inc is a professional services and engineering firm providing renewable energy through photovoltaic and solar thermal technologies.