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United Energy (United Energy) Accounts Receivable : $0.09 Mil (As of Dec. 2010)


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What is United Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. United Energy's accounts receivables for the quarter that ended in Dec. 2010 was $0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. United Energy's Days Sales Outstanding for the quarter that ended in Dec. 2010 was 71.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. United Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was $-0.03.


United Energy Accounts Receivable Historical Data

The historical data trend for United Energy'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.

* Premium members only.

United Energy Accounts Receivable Chart

United Energy Annual Data
Trend Mar00 Mar01 Mar02 Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.09 0.06 0.25 0.14

United Energy Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 0.11 0.19 0.45 0.30 0.09

United Energy Accounts Receivable Calculation

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


United Energy 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.

United Energy's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.086/0.11*91
=71.34

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

United Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2010 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)
=(0.067+0.75 * 0.086+0.5 * 0.094-1.026
-0.024-0)/31.5044
=-0.03

* 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.


United Energy Accounts Receivable Related Terms

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United Energy (United Energy) Business Description

Traded in Other Exchanges
N/A
Address
101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074
United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana.
Executives
Jack Silver director, 10 percent owner 660 MADISON AVENUE, NEW YORK NY 10021
Adam Hershey director 140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Grano Joseph J Jr other: Former 10% Owner C/O MEDGENICS, INC., 435 DEVON PARK DRIVE BLDG 700, WAYNE PA 19087

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