American Leisure Holdings (American Leisure Holdings) Accounts Receivable : $3.15 Mil (As of Dec. 2006)

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What is American Leisure Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Leisure Holdings's accounts receivables for the quarter that ended in Dec. 2006 was $3.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. American Leisure Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2006 was 20.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Leisure Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2006 was $-10.71.

American Leisure Holdings Accounts Receivable Historical Data

The historical data trend for American Leisure Holdings'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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American Leisure Holdings Accounts Receivable Chart

American Leisure Holdings Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Accounts Receivable

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2.15

3.54

2.08

3.15

American Leisure Holdings Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06
Accounts Receivable	Get a 7-Day Free Trial			-	2.15	3.54	2.08	3.15

American Leisure Holdings Accounts Receivable Calculation

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

American Leisure Holdings 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.

American Leisure Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.149	/	27.72	*	91
=	20.73

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

American Leisure Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2006 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)
=	(1.11	+	0.75 * 3.149	+	0.5 * 0	-	120.019
-	0.01	-	0)	/	10.878
=	-10.71

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.

American Leisure Holdings Accounts Receivable Related Terms

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