Seven Arts Entertainment (Seven Arts Entertainment) Accounts Receivable : $0.02 Mil (As of Mar. 2014)

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What is Seven Arts Entertainment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Seven Arts Entertainment's accounts receivables for the quarter that ended in Mar. 2014 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Seven Arts Entertainment's Days Sales Outstanding for the quarter that ended in Mar. 2014 was 15.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Seven Arts Entertainment's Net-Net Working Capital per share for the quarter that ended in Mar. 2014 was $-1.83.

Seven Arts Entertainment Accounts Receivable Historical Data

The historical data trend for Seven Arts Entertainment'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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Seven Arts Entertainment Accounts Receivable Chart

Seven Arts Entertainment Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Accounts Receivable

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1.58

1.48

0.43

0.19

0.11

Seven Arts Entertainment Quarterly Data
	Sep07	Dec08	Jun09	Dec09	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Accounts Receivable	Get a 7-Day Free Trial															0.19	0.11	0.13	0.02	0.02

Seven Arts Entertainment Accounts Receivable Calculation

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

Seven Arts Entertainment 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.

Seven Arts Entertainment's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.019	/	0.111	*	91
=	15.62

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

Seven Arts Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.002	+	0.75 * 0.019	+	0.5 * 0	-	23.852
-	6.777	-	-1.038)	/	16.1402
=	-1.83

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.

Seven Arts Entertainment Accounts Receivable Related Terms

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Seven Arts Entertainment (Seven Arts Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Seven Arts Entertainment Inc (OTCPK:SAPX) » Definitions » Accounts Receivable

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Address

3440 Oakliff Road, Suite 104, Atlanta, GA, USA, 82009

Website

https://www.7artspictures.com

Seven Arts Pictures PLC is an independent motion picture production and distribution business, engaged in the development, acquisition, production, and licensing of theatrical motion pictures for exhibition in domestic (ie. the US and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video/dvd and pay and free television.