SOEN (Solar Enertech) Change In Receivables : $3.95 Mil (TTM As of Dec. 2011)

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What is Solar Enertech Change In Receivables?

Solar Enertech's change in receivables for the quarter that ended in Dec. 2011 was $3.41 Mil. It means Solar Enertech's Accounts Receivable declined by $3.41 Mil from Sep. 2011 to Dec. 2011 .

Solar Enertech's change in receivables for the fiscal year that ended in Sep. 2011 was $-0.49 Mil. It means Solar Enertech's Accounts Receivable increased by $0.49 Mil from Sep. 2010 to Sep. 2011 .

Solar Enertech's Accounts Receivable for the quarter that ended in Dec. 2011 was $5.30 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. Solar Enertech's Days Sales Outstanding for the three months ended in Dec. 2011 was 229.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Solar Enertech's liquidation value for the three months ended in Dec. 2011 was $-3.83 Mil.

Solar Enertech Change In Receivables Historical Data

The historical data trend for Solar Enertech'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.

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Solar Enertech Change In Receivables Chart

Solar Enertech Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Change In Receivables

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-0.91

-3.12

-3.10

0.27

-0.49

Solar Enertech Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Change In Receivables	Get a 7-Day Free Trial															-1.03	3.10	-4.27	1.72	3.41

Solar Enertech 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 Dec. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.95 Mil.

Solar Enertech (OTCPK:SOEN) 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.

Solar Enertech's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.296	/	2.107	*	91
=	229.36

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

Solar Enertech's liquidation value for the quarter that ended in Dec. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.095	-	9.351	+	0.75 * 5.296	+	0.5 * 0.901
=	-3.83

Solar Enertech Change In Receivables Related Terms

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Solar Enertech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Enertech Corp (OTCPK:SOEN) » Definitions » Change In Receivables

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Address

655 West Evelyn Avenue, Suite 2, Mountain View, CA, USA, 94041

Website

http://www.solarenertech.com

Solar Enertech Corp currently operates as a photovoltaic solar energy cell manufacturer.

Executives

David Anthony	director	200 LUDLOW DRIVE, EWING NJ 08638
David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000

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