Doverddlery (FRA:D1R) Accounts Receivable : €1.21 Mil (As of Mar. 2015)

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What is Doverddlery Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Doverddlery's accounts receivables for the quarter that ended in Mar. 2015 was €1.21 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Doverddlery's Days Sales Outstanding for the quarter that ended in Mar. 2015 was 5.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Doverddlery's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was €-2.38.

Doverddlery Accounts Receivable Historical Data

The historical data trend for Doverddlery'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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Doverddlery Accounts Receivable Chart

Doverddlery Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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0.40

0.62

1.36

0.95

1.33

Doverddlery Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Accounts Receivable	Get a 7-Day Free Trial															0.64	0.85	1.04	1.33	1.21

Doverddlery Accounts Receivable Calculation

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

Doverddlery 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.

Doverddlery's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.214	/	21.118	*	91
=	5.25

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

Doverddlery's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 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)
=	(0.418	+	0.75 * 1.214	+	0.5 * 29.898	-	29.126
-	0	-	0)	/	5.40949
=	-2.38

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.

Doverddlery Accounts Receivable Related Terms

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Doverddlery (FRA:D1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dover Saddlery Inc (FRA:D1R) » Definitions » Accounts Receivable

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Address

Website

http://www.doversaddlery.com

Dover Saddlery, Inc. is a Delaware Corporation. The Company was founded in 1975. It is a specialty retailer and the largest multi-channel marketer of premium, equestrian products in the U.S. The Company sells its products through a multi-channel strategy, including direct and retail. The Company offers a comprehensive selection of products required to own, ride, train and compete with a horse. The Company's equestrian product line includes a broad variety of separate items such as saddles, tack, specialized apparel, footwear, horse clothing, horse health and stable products. The Company has established itself as the largest multi-channel marketer of equestrian tack, specialized apparel, horse care and stable products in the U.S. and plans to continue its multi-channel retail strategy to capitalize on strong brand equity and utilize its customer database. This multi-channel strategy enables it to capture customer data, achieve operational synergies, provide a seamless and convenient shopping experience for its customers, cross market its products and reinforce its brand across channels. As of December 31, 2012, it operated seventeen stores under the Dover Saddlery brand and one store under the Smith Brothers brand. The Company is subject to numerous regulations governing the Internet and e-commerce, retailers generally, the importation, promotion and sale of merchandise, and the operation of retail stores and warehouse facilities.

Doverddlery (FRA:D1R) Headlines

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