Stonepath Group (Stonepath Group) Change In Receivables : $13.6 Mil (TTM As of Sep. 2006)

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What is Stonepath Group Change In Receivables?

Stonepath Group's change in receivables for the quarter that ended in Sep. 2006 was $1.0 Mil. It means Stonepath Group's Accounts Receivable declined by $1.0 Mil from Jun. 2006 to Sep. 2006 .

Stonepath Group's change in receivables for the fiscal year that ended in Dec. 2005 was $-5.8 Mil. It means Stonepath Group's Accounts Receivable increased by $5.8 Mil from Dec. 2004 to Dec. 2005 .

Stonepath Group's Accounts Receivable for the quarter that ended in Sep. 2006 was $40.2 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. Stonepath Group's Days Sales Outstanding for the three months ended in Sep. 2006 was 56.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Stonepath Group's liquidation value for the three months ended in Sep. 2006 was $-45.5 Mil.

Stonepath Group Change In Receivables Historical Data

The historical data trend for Stonepath Group'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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Stonepath Group Change In Receivables Chart

Stonepath Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Change In Receivables

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1.21

-5.73

-11.19

-11.96

-5.77

Stonepath Group Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Change In Receivables	Get a 7-Day Free Trial															-5.97	-0.75	10.87	2.57	0.95

Stonepath Group 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. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.6 Mil.

Stonepath Group (OTCPK:SGRZ) 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.

Stonepath Group's Days Sales Outstanding for the quarter that ended in Sep. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.247	/	65.251	*	91
=	56.28

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

Stonepath Group's liquidation value for the quarter that ended in Sep. 2006 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.314	-	82.978	+	0.75 * 40.247	+	0.5 * 0
=	-45.5

Stonepath Group Change In Receivables Related Terms

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Stonepath Group (Stonepath Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stonepath Group Inc (OTCPK:SGRZ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121

Website

http://www.stonepath.com

Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.

Executives

Dennis L Pelino	director
Bohn H Crain	officer: Chief Financial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen	officer: General Counsel	1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

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