Cal Bay International (Cal Bay International) Accounts Receivable : $0.00 Mil (As of Sep. 2006)

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What is Cal Bay International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cal Bay International's accounts receivables for the quarter that ended in Sep. 2006 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cal Bay International's Days Sales Outstanding for the quarter that ended in Sep. 2006 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. Cal Bay International's Net-Net Working Capital per share for the quarter that ended in Sep. 2006 was $-18.72.

Cal Bay International Accounts Receivable Historical Data

The historical data trend for Cal Bay International'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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Cal Bay International Accounts Receivable Chart

Cal Bay International Annual Data

Trend

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Accounts Receivable

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	15.37	-

Cal Bay International Accounts Receivable Calculation

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

Cal Bay International 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.

Cal Bay International's Days Sales Outstanding for the quarter that ended in Sep. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.032	*	91
=	0.00

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

Cal Bay International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.201	+	0.75 * 0	+	0.5 * 0.293	-	1.891
-	0	-	0)	/	0.08247
=	-18.72

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.

Cal Bay International Accounts Receivable Related Terms

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Cal Bay International (Cal Bay International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cal Bay International Inc (OTCPK:CBYI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014

Website

https://www.cbyintl.com

Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.