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Cohen Development Gas & Oil (XTAE:CDEV) Accounts Receivable : ₪0.0 Mil (As of Mar. 2024)


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What is Cohen Development Gas & Oil Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cohen Development Gas & Oil's accounts receivables for the quarter that ended in Mar. 2024 was ₪0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cohen Development Gas & Oil's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cohen Development Gas & Oil's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₪3.56.


Cohen Development Gas & Oil Accounts Receivable Historical Data

The historical data trend for Cohen Development Gas & Oil'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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Cohen Development Gas & Oil Accounts Receivable Chart

Cohen Development Gas & Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Cohen Development Gas & Oil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Cohen Development Gas & Oil Accounts Receivable Calculation

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


Cohen Development Gas & Oil 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.

Cohen Development Gas & Oil's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/25.644*91
=0.00

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

Cohen Development Gas & Oil's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(45.463+0.75 * 0+0.5 * 0-22.581
-0-0)/6.43033
=3.56

* 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.


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.


Cohen Development Gas & Oil Accounts Receivable Related Terms

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Cohen Development Gas & Oil (XTAE:CDEV) Business Description

Traded in Other Exchanges
N/A
Address
17 Efa'al Street Kiriat Arye, Petach Tikva, ISR, 49511
Website
Cohen Development Gas & Oil Ltd formerly known as Cohen Development & Industrial Buildings Ltd. is engaged in petroleum and gas exploration as well as real estate operations.

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