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H.E.R.C. Products (H.E.R.C. Products) Change In Receivables : $-0.25 Mil (TTM As of Jun. 2004)


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What is H.E.R.C. Products Change In Receivables?

H.E.R.C. Products's change in receivables for the quarter that ended in Jun. 2004 was $0.07 Mil. It means H.E.R.C. Products's Accounts Receivable declined by $0.07 Mil from Mar. 2004 to Jun. 2004 .

H.E.R.C. Products's change in receivables for the fiscal year that ended in Dec. 2003 was $-0.47 Mil. It means H.E.R.C. Products's Accounts Receivable increased by $0.47 Mil from Dec. 2002 to Dec. 2003 .

H.E.R.C. Products's Accounts Receivable for the quarter that ended in Jun. 2004 was $0.41 Mil.

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 Receivable are being managed. H.E.R.C. Products's Days Sales Outstanding for the three months ended in Jun. 2004 was 24.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. H.E.R.C. Products's liquidation value for the three months ended in Jun. 2004 was $-1.44 Mil.


H.E.R.C. Products Change In Receivables Historical Data

The historical data trend for H.E.R.C. Products's Change In Receivables 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.

* Premium members only.

H.E.R.C. Products Change In Receivables Chart

H.E.R.C. Products Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.26 0.54 -0.33 0.23 -0.47

H.E.R.C. Products Quarterly Data
Sep98 Dec98 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.14 -0.23 0.06 0.07

H.E.R.C. Products Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2004 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.25 Mil.

* 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.


H.E.R.C. Products  (OTCPK:HERC) Change In Receivables 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 Receivable are being managed.

H.E.R.C. Products's Days Sales Outstanding for the quarter that ended in Jun. 2004 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.41/1.501*91
=24.93

2. In Ben Graham's calculation of liquidation value, H.E.R.C. Products's accounts receivable are only considered to be worth 75% of book value:

H.E.R.C. Products's liquidation value for the quarter that ended in Jun. 2004 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.056-1.837+0.75 * 0.41+0.5 * 0.063
=-1.44

* 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.


H.E.R.C. Products Change In Receivables Related Terms

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H.E.R.C. Products (H.E.R.C. Products) Business Description

Traded in Other Exchanges
N/A
Address
1420 Columbus Avenue, Portsmouth, VA, USA, 23704
Executives
Robert W Affholder director
John B Furman director 1420 COLUMBUS AVENUE, PORTSMOUTH VA 23704

H.E.R.C. Products (H.E.R.C. Products) Headlines