Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Accounts Receivable : IRR11,146,075 Mil (As of Mar. 2015)

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What is Esfahans Mobarakeh Steel Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Esfahans Mobarakeh Steel Co's accounts receivables for the quarter that ended in Mar. 2015 was IRR11,146,075 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Esfahans Mobarakeh Steel Co's Days Sales Outstanding for the quarter that ended in Mar. 2015 was 16.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Esfahans Mobarakeh Steel Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was IRR-1,187.75.

Esfahans Mobarakeh Steel Co Accounts Receivable Historical Data

The historical data trend for Esfahans Mobarakeh Steel 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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Esfahans Mobarakeh Steel Co Accounts Receivable Chart

Esfahans Mobarakeh Steel Co Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Accounts Receivable

1,553,697.00

9,224,857.00

11,972,331.00

15,089,719.00

11,146,075.00

Esfahans Mobarakeh Steel Co Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15
Accounts Receivable	1,553,697.00	9,224,857.00	11,972,331.00	15,089,719.00	11,146,075.00

Esfahans Mobarakeh Steel Co Accounts Receivable Calculation

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

Esfahans Mobarakeh Steel 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.

Esfahans Mobarakeh Steel Co's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11146075	/	122040518	*	91
=	16.67

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

Esfahans Mobarakeh Steel Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 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)
=	(8128516	+	0.75 * 11146075	+	0.5 * 56399460	-	103055361
-	0	-	1019940)	/	50000
=	-1,187.75

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.

Esfahans Mobarakeh Steel Co Accounts Receivable Related Terms

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Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Esfahans Mobarakeh Steel Co (XTEH:FOLD1) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

Sa'adat Abad Street, P.O.BOX: 161-84815, Azadi Square, Esfahan, IRN, 11131-84881

Website

http://www.msc.ir

Esfahans Mobarakeh Steel Co is an Iran-based company engaged in producing steel in the Middle East and Northern Africa. Its products include hot rolled products, cold rolled products, coated products including galvanized, tinned and pre-painted products. The company's products are used in various industries, such as automotive, construction, household appliances, and packaging. It also exports its products to Belgium, France, Italy, Spain, Qatar, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Oman, Jordan, Armenia, and Georgia.

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