Premier Exhibitions (Premier Exhibitions) Accounts Receivable : $0.89 Mil (As of Aug. 2015)

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What is Premier Exhibitions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Premier Exhibitions's accounts receivables for the quarter that ended in Aug. 2015 was $0.89 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Premier Exhibitions's Days Sales Outstanding for the quarter that ended in Aug. 2015 was 12.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Premier Exhibitions's Net-Net Working Capital per share for the quarter that ended in Aug. 2015 was $-6.20.

Premier Exhibitions Accounts Receivable Historical Data

The historical data trend for Premier Exhibitions'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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Premier Exhibitions Accounts Receivable Chart

Premier Exhibitions Annual Data

Trend

Feb06

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Accounts Receivable

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2.42

1.39

1.37

1.33

1.42

Premier Exhibitions Quarterly Data
	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15
Accounts Receivable	Get a 7-Day Free Trial															1.27	1.37	1.42	1.67	0.89

Premier Exhibitions Accounts Receivable Calculation

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

Premier Exhibitions 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.

Premier Exhibitions's Days Sales Outstanding for the quarter that ended in Aug. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.886	/	6.739	*	91
=	12.00

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

Premier Exhibitions's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2015 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)
=	(1.606	+	0.75 * 0.886	+	0.5 * 0.997	-	32.212
-	0	-	1.021)	/	4.91722
=	-6.20

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.

Premier Exhibitions Accounts Receivable Related Terms

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Premier Exhibitions (Premier Exhibitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Premier Exhibitions Inc (OTCPK:PRXIQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3045 Kingston Court, Suite I, Peachtree Corners, GA, USA, 30071

Website

http://www.prxi.com

Premier Exhibitions Inc is engaged in providing leisure services. It develops and sets up tourism-related exhibitions for the purpose of education and entertainment. The company's exhibitions present opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Its exhibitions are presented in museums, exhibition centers, and other entertainment venues. The company's services include content development, exhibit design, brand development, space planning and detailed fabrication drawings. It also offers merchandising services.

Executives

Alta Fundamental Advisers Llc	10 percent owner	1500 BROADWAY, SUITE 704, NEW YORK NY 10036
Sellers Capital Llc	other: See Remarks	311 S WACKER DR STE 925 CHICAGO IL 60606
Sellers Capital Master Fund, Ltd.	other: See Remarks	C/O M&C CORPORATE SERVICES, UGLAND HOUSE S. CHURCH ST, PO BOX 309 GT GEORGE TOWN, GRAND CAYMAN E9 CAYMAN
Mark A Sellers	other: See Remarks	SELLERS CAPITAL 161 N CLARK ST STE 4700 CHICAGO IL 60601
Mingcheng Tao	director	3340 PEACHTREE ROAD NE, SUITE 900, ATLANTA GA 30326
Jack H Jacobs	director	101 OAKS ROAD, MILLINGTON NJ 07946
Richard Kraniak	director
Mark Mcgowan	director	C/O COMBIMATRIX CORPORATION, 6500 HARBOUR HEIGHTS PARKWAY, SUITE 303, MUKILTEO WA 98275
Bruce David Eskowitz	director, officer: President and CEO	202 N. CRESCENT DRIVE #1, BEVERLY HILLS CA 96210
Joseph B Marsh	10 percent owner	605 SURFSIDE DRIVE AKRON OH 44317