Maiden Lane Jewelry (Maiden Lane Jewelry) Accounts Receivable : $5.03 Mil (As of Nov. 2015)

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What is Maiden Lane Jewelry Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maiden Lane Jewelry's accounts receivables for the quarter that ended in Nov. 2015 was $5.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maiden Lane Jewelry's Days Sales Outstanding for the quarter that ended in Nov. 2015 was 235.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maiden Lane Jewelry's Net-Net Working Capital per share for the quarter that ended in Nov. 2015 was $-0.22.

Maiden Lane Jewelry Accounts Receivable Historical Data

The historical data trend for Maiden Lane Jewelry'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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Maiden Lane Jewelry Accounts Receivable Chart

Maiden Lane Jewelry Annual Data

Trend

May13

May14

May15

Accounts Receivable

0.75

1.59

3.99

Maiden Lane Jewelry Quarterly Data
	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15
Accounts Receivable	Get a 7-Day Free Trial								3.70	3.85	3.99	4.55	5.03

Maiden Lane Jewelry Accounts Receivable Calculation

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

Maiden Lane Jewelry 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.

Maiden Lane Jewelry's Days Sales Outstanding for the quarter that ended in Nov. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.034	/	1.947	*	91
=	235.93

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

Maiden Lane Jewelry's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2015 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)
=	(0.007	+	0.75 * 5.034	+	0.5 * 2.003	-	7.081
-	0	-	0)	/	10.4944
=	-0.22

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.

Maiden Lane Jewelry Accounts Receivable Related Terms

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Maiden Lane Jewelry (Maiden Lane Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Maiden Lane Jewelry Ltd (OTCPK:MDNL) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

64 West 48th Street, Suite 1107, New York, NY, USA, 10036

Website

http://www.myromantique.com

Maiden Lane Jewelry Ltd is engaged in producing engagement rings and other diamond jewelry to retailers across the United States. The company's significant feature consists of ASPIRI collection of bridal engagement rings which includes both a center diamond and setting. In addition, it is also a wholesaler and manufacturer of jewelry which includes pendants, bracelets, and earrings. The company's primary sales contain complete engagement rings with a focus on bridal jewelry featuring uniquely cut stones and settings.

Executives

Michael I Wirth

officer: CEO

1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019

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