African Eagle Resources (LSE:AFE) Change In Receivables: £0.09 Mil (TTM As of Jun. 2014)

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What is African Eagle Resources Change In Receivables?

African Eagle Resources LSE:AFE Change In Receivables is £0.09 Mil as of Jun. 2014. The stock has 2 warning signs investors should review.

African Eagle Resources's change in receivables for the quarter that ended in Jun. 2014 was £0.04 Mil. It means African Eagle Resources's Accounts Receivable declined by £0.04 Mil from Dec. 2013 to Jun. 2014 .

African Eagle Resources's change in receivables for the fiscal year that ended in Dec. 2013 was £0.00 Mil. It means African Eagle Resources's Accounts Receivable declined by £0.00 Mil from Dec. 2012 to Dec. 2013 .

African Eagle Resources's Accounts Receivable for the quarter that ended in Jun. 2014 was £0.04 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. African Eagle Resources's liquidation value for the six months ended in Jun. 2014 was £0.85 Mil.

African Eagle Resources  (LSE:AFE) Change In Receivables 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 Receivable are being managed.

African Eagle Resources's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.036/0*91
=

2. In Ben Graham's calculation of liquidation value, African Eagle Resources's accounts receivable are only considered to be worth 75% of book value:

African Eagle Resources's liquidation value for the quarter that ended in Jun. 2014 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.894-0.073+0.75 * 0.036+0.5 * 0
=0.85

* 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.

African Eagle Resources Change In Receivables Related Terms

African Eagle Resources Change In Receivables Historical Data

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The historical data trend for African Eagle Resources's Change In Receivables 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.

African Eagle Resources Change In Receivables Chart

African Eagle Resources Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 -0.33 -0.06 -0.04 0.00

African Eagle Resources Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Change In Receivables 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 -0.14 0.10 -0.05 0.05 0.04

African Eagle Resources Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.09 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of £0.09 Mil mean?
African Eagle Resources (LSE:AFE) has a Change In Receivables of £0.09 Mil as of Jun. 2014. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for African Eagle Resources and its competitors.
Is African Eagle Resources' Change In Receivables too high?
African Eagle Resources' current Change In Receivables is £0.09 Mil.
How does African Eagle Resources' Change In Receivables compare to competitors?
African Eagle Resources' Change In Receivables of £0.09 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Metals & Mining company?
A good Change In Receivables depends on the Metals & Mining industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for African Eagle Resources and its competitors. African Eagle Resources's current Change In Receivables is £0.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Eagle Resources stock overvalued right now?
African Eagle Resources (LSE:AFE) has a current Change In Receivables of £0.09 Mil. The current Change In Receivables is £0.09 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For African Eagle Resources (LSE:AFE), the current Change In Receivables is £0.09 Mil as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

African Eagle Resources Business Description

African Eagle Resources PLC was incorporated on January 19, 2000. The Company is engaged in the exploration and development of nickel. The Company's Investing Policy is to seek opportunities in the natural resources, infrastructure and services sectors located in all geographic regions. It has 10% free carried interest in the Dutwa nickel project in Tanzania. It also has a shareholding of 14.4% in Elephant Copper Ltd a BVI registered company, with interests in copper projects in Zambia.