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Foodbase Group (Foodbase Group) Accounts Receivable : $8.22 Mil (As of Sep. 2012)


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What is Foodbase Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Foodbase Group's accounts receivables for the quarter that ended in Sep. 2012 was $8.22 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Foodbase Group's Days Sales Outstanding for the quarter that ended in Sep. 2012 was 80.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Foodbase Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was $-0.55.


Foodbase Group Accounts Receivable Historical Data

The historical data trend for Foodbase 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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Foodbase Group Accounts Receivable Chart

Foodbase Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Accounts Receivable
- - 6.41 4.83 8.90

Foodbase Group Quarterly Data
Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 8.33 8.90 7.57 10.22 8.22

Foodbase Group Accounts Receivable Calculation

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


Foodbase 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.

Foodbase Group's Days Sales Outstanding for the quarter that ended in Sep. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=8.223/9.277*91
=80.88

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

Foodbase Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2012 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)
=(2.019+0.75 * 8.223+0.5 * 4.672-53.812
-0-0)/78.525
=-0.55

* 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.


Foodbase Group Accounts Receivable Related Terms

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Foodbase Group (Foodbase Group) Business Description

Traded in Other Exchanges
N/A
Address
4030 Wake Forest Road, Suite 349, Raleigh, NC, USA, 27609
Foodbase Group Inc is engaged in the operation of restaurants. The Company is an international enterprise specializing in research and development, production, sales, and service of dairy products.

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