ACGX (Alliance Creative Group) Accounts Receivable : $2.12 Mil (As of Dec. 2018)

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What is Alliance Creative Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Alliance Creative Group's accounts receivables for the quarter that ended in Dec. 2018 was $2.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Alliance Creative Group's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 51.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Alliance Creative Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-0.92.

Alliance Creative Group Accounts Receivable Historical Data

The historical data trend for Alliance Creative Group'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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Alliance Creative Group Accounts Receivable Chart

Alliance Creative Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Accounts Receivable

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2.40

1.48

1.73

1.80

2.12

Alliance Creative Group Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Accounts Receivable	Get a 7-Day Free Trial															1.80	2.29	1.25	2.04	2.12

Alliance Creative Group Accounts Receivable Calculation

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

Alliance Creative Group 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.

Alliance Creative Group's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.121	/	3.751	*	91
=	51.60

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

Alliance Creative Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(0.232	+	0.75 * 2.121	+	0.5 * 1.702	-	3.147
-	0.008	-	0)	/	0.52466
=	-0.92

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.

Alliance Creative Group Accounts Receivable Related Terms

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Alliance Creative Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Alliance Creative Group Inc (OTCPK:ACGX) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

7366 North Lincoln Avenue, Suite 105, Lincolnwood, IL, USA, 60712

Website

https://www.alliancecreativegroup.com

Alliance Creative Group Inc up is a packaging solutions company focused on Retail Packaging and Packaging Management. It helps its clients from initial concept and packaging development through final production and managed inventory solutions. It is focused on flexible packaging, clear rigid packaging, folding cartons in the food and beverage industry, vendor-managed inventory supply chain services, and fulfillment.