Umax Group (Umax Group) Accounts Receivable : $0.00 Mil (As of Apr. 2018)

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What is Umax Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Umax Group's accounts receivables for the quarter that ended in Apr. 2018 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Umax Group's Days Sales Outstanding for the quarter that ended in Apr. 2018 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. Umax Group's Net-Net Working Capital per share for the quarter that ended in Apr. 2018 was $-0.06.

Umax Group Accounts Receivable Historical Data

The historical data trend for Umax Group'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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Umax Group Accounts Receivable Chart

Umax Group Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

Accounts Receivable

Umax Group Semi-Annual Data
	Apr12	Apr13	Apr17	Apr18
Accounts Receivable	-	-	-	-

Umax Group Accounts Receivable Calculation

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

Umax Group 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.

Umax Group's Days Sales Outstanding for the quarter that ended in Apr. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.004	*	91
=	0.00

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

Umax Group's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2018 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	+	0.75 * 0	+	0.5 * 0	-	0.093
-	0.051	-	0)	/	2.35944
=	-0.06

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.

Umax Group Accounts Receivable Related Terms

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Umax Group (Umax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Umax Group Corp (OTCPK:UMAX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 Bay Street, Los Angeles, CA, USA, 90012

Website

https://www.umaxgrpcorp.com

Umax Group Corp is a media development company which is concentrated on producing its original content with the intent of selling that content to one of the many streaming companies such as Netflix, Hulu, Showtime, Disney plus etc. and having their own streaming platforms on website and YouTube channels.