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Pensare Acquisition Corp  (NAS:WRLS) Accounts Receivable: \$0.00 Mil (As of Sep. 2017)

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pensare Acquisition Corp's accounts receivables for the quarter that ended in Sep. 2017 was \$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. Pensare Acquisition Corp's Net-Net Working Capital for the quarter that ended in Sep. 2017 was \$-305.88 Mil.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Pensare Acquisition Corp Annual Data

 Mar17 Accounts Receivable 0.00

Pensare Acquisition Corp Quarterly Data

 Jun16 Sep16 Mar17 Jun17 Sep17 Accounts Receivable 0.00 0.00 0.00 0.00 0.00

Calculation

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

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.

Pensare Acquisition Corp's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

 Days Sales Outstanding = Accounts Receivable / Revenue * Days in Period = 0 / 0 * 91 =

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

Pensare Acquisition Corp's liquidation value for the quarter that ended in Sep. 2017 is calculated as:

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 1.637 - 307.515 + 0.75 * 0 + 0.5 * 0 = -305.88

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Related Terms