Functional Technologies (TSXV:FEB.H) Accounts Receivable : C$0.10 Mil (As of Aug. 2012)

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What is Functional Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Functional Technologies's accounts receivables for the quarter that ended in Aug. 2012 was C$0.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Functional Technologies's Days Sales Outstanding for the quarter that ended in Aug. 2012 was 100.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Functional Technologies's Net-Net Working Capital per share for the quarter that ended in Aug. 2012 was C$N/A.

Functional Technologies Accounts Receivable Historical Data

The historical data trend for Functional Technologies'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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Functional Technologies Accounts Receivable Chart

Functional Technologies Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Accounts Receivable

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0.06

0.11

0.05

0.22

0.10

Functional Technologies Semi-Annual Data
	Aug01	Aug02	Aug03	Aug04	Aug05	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12
Accounts Receivable	Get a 7-Day Free Trial							0.06	0.11	0.05	0.22	0.10

Functional Technologies Accounts Receivable Calculation

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

Functional Technologies 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.

Functional Technologies's Days Sales Outstanding for the quarter that ended in Aug. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.097	/	0.176	*	91
=	100.58

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

Functional Technologies's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2012 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)
=	(0.423	+	0.75 * 0.097	+	0.5 * 0	-	6.156
-	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.

Functional Technologies Accounts Receivable Related Terms

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Functional Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Functional Technologies Corp (TSXV:FEB.H) » Definitions » Accounts Receivable

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Address

Website

http://www.firstventuretech.com

Functional Technologies Corp is incorporated under the corporate laws of British Columbia, Canada on October 18, 1999. The Company is a functional foods and biological health products company that is developing and commercializing advanced yeast products and other novel biological products for the food and health care industry. The company develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries, for which viable solutions are lacking. The Company's platform technologies improve the performance of innate yeast functions to primarily prevent the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by various global agencies as dangerous substances (e.g. carcinogens, neurotoxicants or reproductive toxicants). The Company operates in three geographic regions: Canada, Europe and the United States.

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