US Helicopter (US Helicopter) Change In Receivables : $-0.31 Mil (TTM As of Dec. 2007)

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What is US Helicopter Change In Receivables?

US Helicopter's change in receivables for the quarter that ended in Dec. 2007 was $-0.31 Mil. It means US Helicopter's Accounts Receivable increased by $0.31 Mil from Dec. 2006 to Dec. 2007 .

US Helicopter's change in receivables for the fiscal year that ended in Dec. 2007 was $-0.31 Mil. It means US Helicopter's Accounts Receivable increased by $0.31 Mil from Dec. 2006 to Dec. 2007 .

US Helicopter's Accounts Receivable for the quarter that ended in Dec. 2007 was $0.35 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. US Helicopter's Days Sales Outstanding for the six months ended in Dec. 2007 was 16.77.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. US Helicopter's liquidation value for the six months ended in Dec. 2007 was $-10.80 Mil.

US Helicopter Change In Receivables Historical Data

The historical data trend for US Helicopter'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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US Helicopter Change In Receivables Chart

US Helicopter Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Change In Receivables

-0.04

-0.31

US Helicopter Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07
Change In Receivables	-	-	-0.04	-0.31

US Helicopter 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2007 was $-0.31 Mil.

US Helicopter (OTCPK:USHP) 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.

US Helicopter's Days Sales Outstanding for the quarter that ended in Dec. 2007 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.347	/	3.776	*	91
=	16.77

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

US Helicopter's liquidation value for the quarter that ended in Dec. 2007 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.67	-	11.757	+	0.75 * 0.347	+	0.5 * 0.045
=	-10.80

US Helicopter Change In Receivables Related Terms

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US Helicopter (US Helicopter) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » US Helicopter Corp (OTCPK:USHP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.flyush.com

The Company provides regularly scheduled helicopter shuttle service between many of the nation's metropolitan airports and surrounding city-based heliports.

Executives

Dean C Borgman	director
Stephen T Wills	director	PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE, CRANBURY NJ 08512

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