The Limestone Boat Co (The Limestone Boat Co) Accounts Receivable : $0.01 Mil (As of Dec. 2023)

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What is The Limestone Boat Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Limestone Boat Co's accounts receivables for the quarter that ended in Dec. 2023 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Limestone Boat Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.16.

The Limestone Boat Co Accounts Receivable Historical Data

The historical data trend for The Limestone Boat Co'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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The Limestone Boat Co Accounts Receivable Chart

The Limestone Boat Co Annual Data

Trend

Dec20

Accounts Receivable

The Limestone Boat Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									0.17	0.33	0.01	0.01	0.01

The Limestone Boat Co Accounts Receivable Calculation

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

The Limestone Boat Co 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.

The Limestone Boat Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.01	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), The Limestone Boat Co's accounts receivable are only considered to be worth 75% of book value:

The Limestone Boat Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(0.154	+	0.75 * 0.01	+	0.5 * 0	-	18.787
-	0	-	0)	/	119.666
=	-0.16

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.

The Limestone Boat Co Accounts Receivable Related Terms

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The Limestone Boat Co (The Limestone Boat Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Limestone Boat Co Ltd (OTCPK:LMSBF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

BOAT:Canada

Address

64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6

Website

https://www.limestoneboatcompany.com

The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.