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First Physicians Capital Group (First Physicians Capital Group) Accounts Receivable : $17.27 Mil (As of Jun. 2014)


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What is First Physicians Capital Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Physicians Capital Group's accounts receivables for the quarter that ended in Jun. 2014 was $17.27 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Physicians Capital Group's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 250.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Physicians Capital Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $-1,851.84.


First Physicians Capital Group Accounts Receivable Historical Data

The historical data trend for First Physicians Capital 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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First Physicians Capital Group Accounts Receivable Chart

First Physicians Capital Group Annual Data
Trend Jan04 Jan05 Jan06 Jan07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.89 0.04 4.06 9.60 13.69

First Physicians Capital Group Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 12.55 13.69 15.65 15.29 17.27

First Physicians Capital Group Accounts Receivable Calculation

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


First Physicians Capital 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.

First Physicians Capital Group's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=17.266/6.291*91
=250.44

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

First Physicians Capital Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=(1.89+0.75 * 17.266+0.5 * 0-36.969
-0-0)/0.01195
=-1,851.84

* 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.


First Physicians Capital Group Accounts Receivable Related Terms

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First Physicians Capital Group (First Physicians Capital Group) Business Description

Traded in Other Exchanges
N/A
Address
433 North Camden Drive, Suite 810, Beverly Hills, CA, USA, 90210
First Physicians Capital Group Inc provides financial and managerial services to healthcare facilities in non-urban markets.
Executives
William A Houlihan director, 10 percent owner 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Anthony J Ciabattoni 10 percent owner 16 LAGUNITA DRIVE, LAGUNA BEACH CA 92651

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