Cache (CACH) Accounts Receivable : $3.6 Mil (As of Sep. 2014)

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What is Cache Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cache's accounts receivables for the quarter that ended in Sep. 2014 was $3.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cache's Days Sales Outstanding for the quarter that ended in Sep. 2014 was 7.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cache's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was $-1.10.

Cache Accounts Receivable Historical Data

The historical data trend for Cache'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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Cache Accounts Receivable Chart

Cache Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Accounts Receivable

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0.06

2.86

3.40

2.20

2.81

Cache Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Accounts Receivable	Get a 7-Day Free Trial															1.02	2.81	0.56	3.06	3.64

Cache Accounts Receivable Calculation

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

Cache 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.

Cache's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.637	/	46.053	*	91
=	7.21

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

Cache's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 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)
=	(0.545	+	0.75 * 3.637	+	0.5 * 27.474	-	51.109
-	0	-	0)	/	31.0374
=	-1.10

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.

Cache Accounts Receivable Related Terms

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Cache (CACH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cache Inc (OTCPK:CACH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

256 West 38th Street, New York, NY, USA, 10018

Website

http://www.cache.com

Cache Inc is a nationwide, mall and Web-based specialty retailer of lifestyle sportswear and dresses targeting style-conscious women. The company's merchandise offerings include evening wear, casual and daytime sportswear, which encompasses a range of tops, bottoms, dresses, and accessories, all of which are sold under its Cache brand. The company operates its stores, primarily situated in central locations in high traffic, upscale malls. Its main activity includes designing and marketing of three categories of merchandise: Sportswear, Dresses, and Accessories. Sportswear consists of related tops and bottoms, dresses range from shorter lengths for day-time, cocktail, as well as day-into-evening wear to special occasion long dresses.

Executives

Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Thomas E Lynch	10 percent owner	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Scott Scharfman	10 percent owner	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Jay Margolis	director, officer: Chief Executive Officer	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Michael F Price	director, 10 percent owner	C/O MFP INVESTORS LLC, 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Mfp Partners Lp	10 percent owner	909 THIRD AVENUE, 33RD FLOOR, New York NY 10022
Mfp Investors Llc	10 percent owner	909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Charles Hinkaty	director
Donna James	officer: VP - Store Operations	ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215