First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Accounts Receivable : C$0.00 Mil (As of Jun. 2015)

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What is First Asset CanBanc Split Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Asset CanBanc Split's accounts receivables for the quarter that ended in Jun. 2015 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Asset CanBanc Split's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was C$N/A.

First Asset CanBanc Split Accounts Receivable Historical Data

The historical data trend for First Asset CanBanc Split'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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First Asset CanBanc Split Accounts Receivable Chart

First Asset CanBanc Split Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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First Asset CanBanc Split Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	-	-

First Asset CanBanc Split Accounts Receivable Calculation

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

First Asset CanBanc Split 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.

First Asset CanBanc Split's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-0.75	*	91
=

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

First Asset CanBanc Split's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 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)
=	(15.361	+	0.75 * 0	+	0.5 * 0	-	3.636
-	0	-	0)	/	0
=	N/A

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.

First Asset CanBanc Split Accounts Receivable Related Terms

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First Asset CanBanc Split Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.firstasset.com

First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

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