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Diversicare Healthcare Services (Diversicare Healthcare Services) Accounts Receivable : $51.2 Mil (As of Sep. 2021)


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What is Diversicare Healthcare Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Diversicare Healthcare Services's accounts receivables for the quarter that ended in Sep. 2021 was $51.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Diversicare Healthcare Services's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 40.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Diversicare Healthcare Services's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-53.05.


Diversicare Healthcare Services Accounts Receivable Historical Data

The historical data trend for Diversicare Healthcare Services'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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Diversicare Healthcare Services Accounts Receivable Chart

Diversicare Healthcare Services Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.15 64.93 66.26 60.52 53.69

Diversicare Healthcare Services Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.59 53.69 49.01 50.95 51.23

Diversicare Healthcare Services Accounts Receivable Calculation

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


Diversicare Healthcare Services 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.

Diversicare Healthcare Services's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=51.231/115.736*91
=40.39

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

Diversicare Healthcare Services's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 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)
=(19.257+0.75 * 51.231+0.5 * 0-426.361
-0-0)/6.9491
=-53.05

* 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.


Diversicare Healthcare Services Accounts Receivable Related Terms

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Diversicare Healthcare Services (Diversicare Healthcare Services) Business Description

Traded in Other Exchanges
N/A
Address
1621 Galleria Boulevard, Brentwood, TN, USA, 37027
Diversicare Healthcare Services Inc provides post-acute care services to the skilled nursing facility, patients, and residents in ten states, primarily in the Southeast, Midwest, and Southwest United States. The company provides a broad range of post-acute care services to patients and residents including skilled nursing, ancillary health care services and assisted living. In addition to the nursing and social services usually provided in long-term care centers, it also offers a variety of rehabilitative, nutritional, respiratory, and other specialized ancillary services. The group derives revenue from Medicaid, Medicare, Managed Care, and Private Pay and Other sources.
Executives
Osmium Partners, Llc 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Spartan L P 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
John Hartnett Lewis 10 percent owner 388 MARKET STREET, SUITE 920, SAN FRANCISCO CA 94111
Osmium Capital Ii, Lp 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Capital Lp 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Rebecca Bodie officer: Executive VP & COO 1621 GALLERIA BLVD. BRENTWOOD TN 37027
Kerry D. Massey officer: Executive V.P. & CFO 1621 GALLERIA BLVD. BRENTWOOD TN 37027
Leslie K. Morgan director C/O DIVERSICARE HEALTHCARE SERVICES INC. 1621 GALLERIA BLVD. BRENTWOOD TN 37027
Leslie Campbell officer: COO and Executive VP 1621 GALLERIA BOULEVARD BRENTWOOD TN 37027
Mcknight James Reed Jr. director, officer: CEO and President 1621 GALLERIA BOULEVARD BRENTWOOD TN 37027
Robert Z Hensley director C/O 1621 GALLERY BLVD., BRENTWOOD TN 37027
Richard M Brame director C/O 1621 GALLERY BLVD. BRENTWOOD TN 37027
Leedle Ben R Jr director 3841 GREEN HILLS VILLAGE DR NASHVILLE TN 37215
Mccabe Robert A Jr director 500 CHURCH ST, STE 200, NASHVILLE TN 37219
Chad A. Mccurdy director, 10 percent owner 1621 GALLERIA BLVD BRENTWOOD TN 37027