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Calamos Asset Management (Calamos Asset Management) Accounts Receivable : $3.0 Mil (As of Sep. 2016)


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What is Calamos Asset Management Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Calamos Asset Management's accounts receivables for the quarter that ended in Sep. 2016 was $3.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Calamos Asset Management's Days Sales Outstanding for the quarter that ended in Sep. 2016 was 5.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Calamos Asset Management's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $4.99.


Calamos Asset Management Accounts Receivable Historical Data

The historical data trend for Calamos Asset Management'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.

* Premium members only.

Calamos Asset Management Accounts Receivable Chart

Calamos Asset Management Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.87 5.81 2.97 3.88

Calamos Asset Management Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.20 3.88 3.61 3.18 2.96

Calamos Asset Management Accounts Receivable Calculation

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


Calamos Asset Management 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.

Calamos Asset Management's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.961/48.317*91
=5.59

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

Calamos Asset Management's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 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)
=(737.572+0.75 * 2.961+0.5 * 0-470.433
-0-166.541)/20.5928
=4.99

* 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.


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.


Calamos Asset Management Accounts Receivable Related Terms

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Calamos Asset Management (Calamos Asset Management) Business Description

Traded in Other Exchanges
N/A
Address
Calamos Asset Management Inc is a Delaware corporation, incorporated on July 23, 2004. It is an asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The Company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments. The Company currently offers four types of investment products that fall into the categories of mutual funds and separate accounts. Funds include its open-end and closed-end funds as well as its Offshore Funds. The Company includes the Offshore Funds in open-end funds for reporting purposes. Separate accounts are individual portfolios of securities managed to meet clients specific needs and include institutional accounts and managed accounts. The Company competes in all aspects of its business with a large number of investment management firms, commercial banks, broker-dealers and insurance companies. In the United States and other countries in which it does business, it is subject to regulations and laws at both a federal and state level, including U.S. federal, state and local tax laws as well as similar foreign jurisdiction tax laws.
Executives
Keith M Schappert other: Former Director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Thomas F Eggers other: Former Director CALAMOS ASSET MANAGEMENT, INC., 2020 CALAMOS COURT, NAPERVILLE IL 60563
William N Shiebler other: Former Director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Robert Behan officer: Pres., Head of Global Distrib. 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Family Partners, Inc. 10 percent owner 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr director, 10 percent owner, officer: Founder, Chairman & Global CIO 2020 CALAMOS COURT, NAPERVILLE IL 60563
Mangrove Partners Fund, L.p. 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Capital Mangrove 10 percent owner 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Partners Mangrove 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Nathaniel H. August 10 percent owner 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Mangrove Partners Master Fund, Ltd. 10 percent owner 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Mangrove Partners Fund (cayman), Ltd. 10 percent owner MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104
Thomas E Herman officer: SVP, Chief Fiancial Officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Nimish S Bhatt officer: SVP & CFO 2020 CALAMOS COURT, NAPERVILLE IL 60563
John S. Koudounis director, officer: CEO 2020 CALAMOS COURT, NAPERVILLE IL 60563

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