Wireless Xcessories Group (Wireless Xcessories Group) Change In Receivables : $0.12 Mil (TTM As of Dec. 2007)

View and export this data going back to 1996. Start your Free Trial

What is Wireless Xcessories Group Change In Receivables?

Wireless Xcessories Group's change in receivables for the quarter that ended in Dec. 2007 was $-0.17 Mil. It means Wireless Xcessories Group's Accounts Receivable increased by $0.17 Mil from Sep. 2007 to Dec. 2007 .

Wireless Xcessories Group's change in receivables for the fiscal year that ended in Dec. 2007 was $0.12 Mil. It means Wireless Xcessories Group's Accounts Receivable declined by $0.12 Mil from Dec. 2006 to Dec. 2007 .

Wireless Xcessories Group's Accounts Receivable for the quarter that ended in Dec. 2007 was $1.68 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. Wireless Xcessories Group's Days Sales Outstanding for the three months ended in Dec. 2007 was 28.77.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wireless Xcessories Group's liquidation value for the three months ended in Dec. 2007 was $4.85 Mil.

Wireless Xcessories Group Change In Receivables Historical Data

The historical data trend for Wireless Xcessories Group'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.

Wireless Xcessories Group Change In Receivables Chart

Wireless Xcessories Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Change In Receivables

Get a 7-Day Free Trial

0.05

-0.51

-0.61

-0.23

0.12

Wireless Xcessories Group Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Change In Receivables	Get a 7-Day Free Trial															0.47	-0.10	-0.36	0.75	-0.17

Wireless Xcessories Group 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 Dec. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.12 Mil.

Wireless Xcessories Group (OTCPK:WIRX) 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.

Wireless Xcessories Group's Days Sales Outstanding for the quarter that ended in Dec. 2007 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.68	/	5.329	*	91
=	28.77

2. In Ben Graham's calculation of liquidation value, Wireless Xcessories Group's accounts receivable are only considered to be worth 75% of book value:

Wireless Xcessories Group's liquidation value for the quarter that ended in Dec. 2007 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.286	-	0.931	+	0.75 * 1.68	+	0.5 * 2.473
=	4.85

Wireless Xcessories Group Change In Receivables Related Terms

Thank you for viewing the detailed overview of Wireless Xcessories Group's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Wireless Xcessories Group (Wireless Xcessories Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wireless Xcessories Group Inc (OTCPK:WIRX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1840 County Line Road, Suite 212, Huntingdon Valley, PA, USA, 19006

Website

http://www.wirexgroup.com

Wireless Xcessories Group Inc is a supplier of accessories for wireless products, Bluetooth products, OEM products and pouches across the US and worldwide. Its typical customer is a multi-location dealer, master agent, franchiser, or distributor, located in Canada and the Caribbean. Its product line consists of more than 5,000 items covering over 200 different handsets. It sources, designs, creates and markets more than 30 category items.

Executives

Brazdley T Macdonald

director

3316 SERENITY WAY, OWINGS MILLS MD 21117

Wireless Xcessories Group (Wireless Xcessories Group) Headlines

From GuruFocus

A nano cap bargain in the wireless space

By David Pinsen DaveinHackensack • 03-11-2011

Can growth be bad for value investors?

By whopper investments whopper investments • 01-09-2013