SWYDF (Stornoway Diamond) Accounts Receivable: $4.2 Mil (As of Jun. 2019)


What is Stornoway Diamond Accounts Receivable?

Stornoway Diamond SWYDF Accounts Receivable is $4.2 Mil as of Jun. 2019.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Stornoway Diamond's accounts receivables for the quarter that ended in Jun. 2019 was $4.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Stornoway Diamond's Days Sales Outstanding for the quarter that ended in Jun. 2019 was 2.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Stornoway Diamond's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $-0.52.

Stornoway Diamond 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.

Stornoway Diamond's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.208/142.547*91
=2.69

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

Stornoway Diamond's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 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)
=(16.056+0.75 * 4.208+0.5 * 43.634-519.431
-0-0)/926.583
=-0.52

* 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.

Stornoway Diamond Accounts Receivable Related Terms

Stornoway Diamond Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Accounts Receivable Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 3.89 0.13 0.13 0.46

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.46 2.98 0.46 4.78 4.21

Stornoway Diamond 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 $4.2 Mil mean?
Stornoway Diamond (SWYDF) has a Accounts Receivable of $4.2 Mil as of Jun. 2019. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Accounts Receivable too high?
Stornoway Diamond's current Accounts Receivable is $4.2 Mil.
How does Stornoway Diamond's Accounts Receivable compare to DYNR and CTDT?
Stornoway Diamond's Accounts Receivable of $4.2 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Accounts Receivable depends on the Metals & Mining 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 Stornoway Diamond and its competitors. Stornoway Diamond's current Accounts Receivable is $4.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Accounts Receivable of $4.2 Mil. The current Accounts Receivable is $4.2 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 Stornoway Diamond (SWYDF), the current Accounts Receivable is $4.2 Mil as of Jun. 2019. 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.

Stornoway Diamond Business Description

Address 1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.