Spectrum Group International (Spectrum Group International) Accounts Receivable : $49 Mil (As of Dec. 2013)

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What is Spectrum Group International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spectrum Group International's accounts receivables for the quarter that ended in Dec. 2013 was $49 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spectrum Group International's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 2.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spectrum Group International's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was $-41,761.61.

Spectrum Group International Accounts Receivable Historical Data

The historical data trend for Spectrum Group International'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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Spectrum Group International Accounts Receivable Chart

Spectrum Group International Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Accounts Receivable

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7.01

5.72

63.70

93.79

71.12

Spectrum Group International Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Accounts Receivable	Get a 7-Day Free Trial															11.09	14.29	71.12	16.77	48.58

Spectrum Group International Accounts Receivable Calculation

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

Spectrum Group International 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.

Spectrum Group International's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.579	/	1509.516	*	91
=	2.94

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

Spectrum Group International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 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)
=	(16.918	+	0.75 * 48.579	+	0.5 * 182.63	-	272.872
-	0	-	0.421)	/	0.00308
=	-41,761.61

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.

Spectrum Group International Accounts Receivable Related Terms

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Spectrum Group International (Spectrum Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Spectrum Group International Inc (OTCPK:SPGZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1063 McGaw, Suite 250, Irvine, CA, USA, 92614

Website

http://www.spectrumgi.com

Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.The Trading segment operates through A-Mar.

Executives

Gregory N Roberts	director, 10 percent owner, officer: President and CEO	2625 ST ANDREWS, TUSTIN CA 92660
Carol Meltzer	officer: General Counsel and EVP	775 PASSAIC AVE, WEST CALDWELL NJ 07006
Jeffrey D Benjamin	director	9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
William A Richardson	10 percent owner	2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
William Montgomery	director	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Joel R Anderson	director	202 NORTH COURT STREET, FLORENCE AL 35630
Ellis Landau	director	CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Jess M Ravich	director	11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Silver Bow Ventures Llc	10 percent owner	C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614
Moorhead John	director	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Nolan Christopher William Sr	director	15 TILGHMAN DRIVE, WAYNE NJ 07470
Thor Gjerdrum	officer: Chief Financial Officer & EVP	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Mark B Segall	director	251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Matthew M Walsh	officer: CFO AND EXE. V.P.	ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940

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