Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Crimson Wine Group's accounts receivables for the quarter that ended in Dec. 2023 was $7.69 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Crimson Wine Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.72.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Crimson Wine Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.51.
Crimson Wine Group Accounts Receivable Historical Data
The historical data trend for Crimson Wine Group'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.
Crimson Wine Group Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Crimson Wine Group 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.
Crimson Wine Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Crimson Wine Group's accounts receivable are only considered to be worth 75% of book value:
Crimson Wine Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* 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.
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.
Crimson Wine Group Accounts Receivable Related Terms
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Crimson Wine Group (Crimson Wine Group) Business Description
Crimson Wine Group Ltd is engaged in the business of producing and selling luxury wines. Its operating segments are Wholesale net sales and Direct to Consumer net sales. It generates revenues from sales of wine to wholesalers and directs to consumers, sales of bulk wine and grapes, custom winemaking services, special event fees, tasting fees, and retail sales. The company's wineries include wine brands of Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines.
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