E Split (TSX:ENS.PR.A.PFD) Accounts Receivable : C$0.00 Mil (As of Dec. 2023)

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What is E Split Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. E Split's accounts receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. E Split's Days Sales Outstanding for the quarter that ended in Dec. 2023 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. E Split's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$N/A.

E Split Accounts Receivable Historical Data

The historical data trend for E 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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E Split Accounts Receivable Chart

E Split Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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E Split Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						-	-	-	-	-

E Split Accounts Receivable Calculation

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

E 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.

E Split's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	2.262	*	91
=	0.00

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

E Split's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(16.492	+	0.75 * 0	+	0.5 * 0	-	222.55
-	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.

E Split Accounts Receivable Related Terms

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E Split (TSX:ENS.PR.A.PFD) Business Description

Industry

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

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Traded in Other Exchanges

784:Germany ENS:Canada

Address

100 King Street West, 58th Floor, 1st Canadian Place, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

E Split Corp. is a mutual fund company. The company has a portfolio comprised of common shares of Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company. The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions, and for Class A Shares are to provide holders with non-cumulative monthly cash distributions and to provide holders with the opportunity for capital appreciation through exposure to the Portfolio.

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