Panera Bread Co (Panera Bread Co) Accounts Receivable : $69 Mil (As of Mar. 2017)

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What is Panera Bread Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Panera Bread Co's accounts receivables for the quarter that ended in Mar. 2017 was $69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Panera Bread Co's Days Sales Outstanding for the quarter that ended in Mar. 2017 was 8.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Panera Bread Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was $-35.12.

Panera Bread Co Accounts Receivable Historical Data

The historical data trend for Panera Bread Co'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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Panera Bread Co Accounts Receivable Chart

Panera Bread Co Annual Data

Trend

Dec07

Dec08

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Dec16

Accounts Receivable

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43.84

32.97

106.65

38.21

112.92

Panera Bread Co Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Accounts Receivable	Get a 7-Day Free Trial															41.78	77.56	86.27	112.92	69.01

Panera Bread Co Accounts Receivable Calculation

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

Panera Bread Co 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.

Panera Bread Co's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	69.014	/	727.633	*	91
=	8.65

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

Panera Bread Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 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)
=	(153.355	+	0.75 * 69.014	+	0.5 * 22.045	-	1014.07
-	0	-	0)	/	22.7188
=	-35.12

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.

Panera Bread Co Accounts Receivable Related Terms

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Panera Bread Co (Panera Bread Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Panera Bread Co (NAS:PNRA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.panerabread.com

Panera Bread Co Inc owns and franchises bakery cum cafes various locations in the United States and Canada. These cafes are operated under the brand's names Panera Bread, Saint Louis Bread Co., and Paradise Bakery & CafÃ©. Their menu offerings include baked goods, sandwiches, soups, pasta dishes, salads, and cafe beverages. They also provide catering services by the Panera brand that offer breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items. Segments through which business is conducted include company Bakery-Cafe Operations segment, Franchise Operations segment, and Fresh Dough and Other Product Operations segment. Revenues are generated from bakery cum cafe sales, royalties and fees from franchises, and fresh dough and other product sales.

Executives

Diane Hessan	director	2 BATTERY WHARF, #2510, BOSTON MA 02109
James D White	director	C/O CAVA GROUP, INC., 202-400-2920 14 RIDGE SQUARE NW, SUITE 5, WASHINGTON DC 20016
Thomas E Lynch	director	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Andrew H Madsen	officer: President	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Louis Dipietro	officer: SVP, General Counsel	35 PARK STREET, NORFOLK MA 02056
Jeffrey W Kip	officer: EVP, Chief Financial Officer	3630 SOUTH GEYER ROAD, SUITE 100, ST LOUIS MO 63127
Patricia Gray	officer: SVP, Chief Legal Officer	C/O AMERICAN SCIENCE AND ENGINEERING INC, 829 MIDDLESEX TURNPIKE, BILLERICA MA 01821
Yanofsky Neal	officer: President	6710 CLAYTON ROAD RICHMOND HEIGHTS MO 63117