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Centennial Specialty Foods (Centennial Specialty Foods) Accounts Receivable : $0.16 Mil (As of Jun. 2005)


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What is Centennial Specialty Foods Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Centennial Specialty Foods's accounts receivables for the quarter that ended in Jun. 2005 was $0.16 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Centennial Specialty Foods's Days Sales Outstanding for the quarter that ended in Jun. 2005 was 16.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Centennial Specialty Foods's Net-Net Working Capital per share for the quarter that ended in Jun. 2005 was $-0.82.


Centennial Specialty Foods Accounts Receivable Historical Data

The historical data trend for Centennial Specialty Foods'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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Centennial Specialty Foods Accounts Receivable Chart

Centennial Specialty Foods Annual Data
Trend Dec03 Dec04
Accounts Receivable
0.30 0.34

Centennial Specialty Foods Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.56 0.34 0.23 0.16

Centennial Specialty Foods Accounts Receivable Calculation

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


Centennial Specialty Foods 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.

Centennial Specialty Foods's Days Sales Outstanding for the quarter that ended in Jun. 2005 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.164/0.929*91
=16.11

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

Centennial Specialty Foods's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2005 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)
=(0.658+0.75 * 0.164+0.5 * 1.389-3.304
-2.335-0)/5.05
=-0.82

* 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.


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.


Centennial Specialty Foods Accounts Receivable Related Terms

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Centennial Specialty Foods (Centennial Specialty Foods) Business Description

Traded in Other Exchanges
N/A
Address
10700 E Geddes Avenue, Suite 170, Englewood, CO, USA, 80112-3861
Website
Centennial Specialty Foods Corp sells and distributes Southwestern sauces and food products. Its products include the bean products, green chili sauce, red chili sauce, refried beans and tamale products.
Executives
Gerald J Laber director C/O APPLIED FILMS CORPORATION, 9586 I-25 FRONTAGE ROAD, LONGMONT CO 80504

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