Universal Energy (Universal Energy) Change In Receivables : $-0.03 Mil (TTM As of Sep. 2009)

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What is Universal Energy Change In Receivables?

Universal Energy's change in receivables for the quarter that ended in Sep. 2009 was $0.03 Mil. It means Universal Energy's Accounts Receivable declined by $0.03 Mil from Jun. 2009 to Sep. 2009 .

Universal Energy's change in receivables for the fiscal year that ended in Dec. 2008 was $-0.12 Mil. It means Universal Energy's Accounts Receivable increased by $0.12 Mil from Dec. 2007 to Dec. 2008 .

Universal Energy's Accounts Receivable for the quarter that ended in Sep. 2009 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. Universal Energy's Days Sales Outstanding for the three months ended in Sep. 2009 was 45.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Universal Energy's liquidation value for the three months ended in Sep. 2009 was $-2.32 Mil.

Universal Energy Change In Receivables Historical Data

The historical data trend for Universal Energy'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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Universal Energy Change In Receivables Chart

Universal Energy Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Change In Receivables

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-0.12

Universal Energy Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Change In Receivables	Get a 7-Day Free Trial															0.21	-0.11	0.04	-	0.03

Universal Energy 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 Sep. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Universal Energy (OTCPK:UVSE) 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.

Universal Energy's Days Sales Outstanding for the quarter that ended in Sep. 2009 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.036	/	0.073	*	91
=	45.00

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

Universal Energy's liquidation value for the quarter that ended in Sep. 2009 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.006	-	2.353	+	0.75 * 0.036	+	0.5 * 0
=	-2.32

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Universal Energy (Universal Energy) Business Description

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1540 International Parkway, Suite 200, Lake Mary, FL, USA, 32746

Website

http://www.universalenergycorp.info

Universal Energy Corp is an independent energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada.

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