GD Entertainment & Technology (GD Entertainment & Technology) Accounts Receivable : $0.54 Mil (As of Feb. 2006)

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What is GD Entertainment & Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GD Entertainment & Technology's accounts receivables for the quarter that ended in Feb. 2006 was $0.54 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GD Entertainment & Technology's Days Sales Outstanding for the quarter that ended in Feb. 2006 was 72.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GD Entertainment & Technology's Net-Net Working Capital per share for the quarter that ended in Feb. 2006 was $-83.47.

GD Entertainment & Technology Accounts Receivable Historical Data

The historical data trend for GD Entertainment & Technology'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.

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GD Entertainment & Technology Accounts Receivable Chart

GD Entertainment & Technology Annual Data

Trend

May01

May04

May05

Accounts Receivable

0.05

0.07

0.06

GD Entertainment & Technology Quarterly Data
	May01	Aug01	Nov01	Feb02	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06
Accounts Receivable	Get a 7-Day Free Trial						0.07	0.06	0.07	0.09	0.54

GD Entertainment & Technology Accounts Receivable Calculation

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

GD Entertainment & Technology 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.

GD Entertainment & Technology's Days Sales Outstanding for the quarter that ended in Feb. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.54	/	0.682	*	91
=	72.25

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

GD Entertainment & Technology's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2006 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)
=	(-0.009	+	0.75 * 0.54	+	0.5 * 0.014	-	4.326
-	0	-	0)	/	0.047
=	-83.47

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.

GD Entertainment & Technology Accounts Receivable Related Terms

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GD Entertainment & Technology (GD Entertainment & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » GD Entertainment & Technology Inc (OTCPK:GDET) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

1 Bridge Plaza, 2nd Floor, Fort Lee, NJ, USA, 07024

Website

https://gdet.co

GD Entertainment & Technology Inc focuses on high growth industries. The company currently has one operating subsidiary, DreamCard, a high-end metal card that personalizes debit and credit cards for a fee which allows users to create a customizable debit or credit card using its online platform. It also customizes Specialty Cards for Customer Loyalty and Affinity Networks. It simply takes an existing debit or credit card and transfers its data and chip into a new metal, 24karat or Stainless Steel card of the cardholders design and ships it to the holder. GDET markets to the business enterprises that promote commerce to members with a VIP card. Casinos and Affinity Networks form the base of company consumers.