Gainsco (Gainsco) Change In Receivables : $6.2 Mil (TTM As of Sep. 2010)

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What is Gainsco Change In Receivables?

Gainsco's change in receivables for the quarter that ended in Sep. 2010 was $-1.1 Mil. It means Gainsco's Accounts Receivable increased by $1.1 Mil from Jun. 2010 to Sep. 2010 .

Gainsco's change in receivables for the fiscal year that ended in Dec. 2009 was $6.4 Mil. It means Gainsco's Accounts Receivable declined by $6.4 Mil from Dec. 2008 to Dec. 2009 .

Gainsco's Accounts Receivable for the quarter that ended in Sep. 2010 was $36.2 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. Gainsco's Days Sales Outstanding for the three months ended in Sep. 2010 was 77.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gainsco's liquidation value for the three months ended in Sep. 2010 was $-103.0 Mil.

Gainsco Change In Receivables Historical Data

The historical data trend for Gainsco'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.

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Gainsco Change In Receivables Chart

Gainsco Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Change In Receivables

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-22.98

-8.36

9.40

-0.30

6.45

Gainsco Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Change In Receivables	Get a 7-Day Free Trial															0.18	5.99	0.12	1.23	-1.09

Gainsco 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 Sep. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.2 Mil.

Gainsco (OTCPK:GANS) 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.

Gainsco's Days Sales Outstanding for the quarter that ended in Sep. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	36.164	/	42.361	*	91
=	77.90

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

Gainsco's liquidation value for the quarter that ended in Sep. 2010 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	43.393	-	173.532	+	0.75 * 36.164	+	0.5 * 0
=	-103.0

Gainsco Change In Receivables Related Terms

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Gainsco (Gainsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gainsco Inc (OTCPK:GANS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3333 Lee Parkway, Suite 1200, Dallas, TX, USA, 75219-5134

Website

http://www.gainsco.com

Gainsco Inc is a United States-based property and casualty insurance holding company. It focuses on the non-standard personal automobile market, specializing in minimum-limits personal auto insurance. The company's insurance brand is GAINSCO Auto Insurance. It sells the insurance policies through independent partner agents and website comparison shopping places.

Executives

Robert J Boulware	director	101 JEFFERSON DRIVE, MENLO PARK CA 94025
Sam Rosen	other: Former Director	4428 RIVERIDGE DRIVE, FORT WORTH TX 76109
Robert W Stallings	director, 10 percent owner, officer: Executive Chairman	5242 BUENA VISTA DRIVE, FRISCO TX 75034
John C Goff	director, 10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
James Richard Reis	10 percent owner, officer: Executive Vice President	3333 LEE PARKWAY, SUITE 1200, DALLAS TX 75219

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