Glacier Water Services (Glacier Water Services) Accounts Receivable : $1.7 Mil (As of Dec. 2010)

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What is Glacier Water Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Glacier Water Services's accounts receivables for the quarter that ended in Dec. 2010 was $1.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Glacier Water Services's Days Sales Outstanding for the quarter that ended in Dec. 2010 was 6.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Glacier Water Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was $-45.59.

Glacier Water Services Accounts Receivable Historical Data

The historical data trend for Glacier Water 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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Glacier Water Services Accounts Receivable Chart

Glacier Water Services Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Accounts Receivable

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2.12

1.62

1.68

1.58

1.74

Glacier Water Services Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
Accounts Receivable	Get a 7-Day Free Trial															1.58	1.54	1.66	1.93	1.74

Glacier Water Services Accounts Receivable Calculation

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

Glacier Water 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.

Glacier Water Services's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.742	/	23.306	*	91
=	6.82

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

Glacier Water Services's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2010 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)
=	(3.692	+	0.75 * 1.742	+	0.5 * 0	-	128.93
-	0	-	0)	/	2.71855
=	-45.59

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.

Glacier Water Services Accounts Receivable Related Terms

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Glacier Water Services (Glacier Water Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Glacier Water Services Inc (OTCPK:GWSV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.glacierwater.com

Glacier Water Services provides drinking water that is dispensed to consumers through coin-operated, self-service, vending machines. These machines are designed, developed, and assembled by the company and they reduce impurities in the water through a combination of micron filtration, reverse osmosis, carbon adsorption, and ultraviolet sterilization. The company's machines, which are located throughout the United States, are placed primarily at supermarkets and other retail locations.

Executives

Richard A Kayne	director, 10 percent owner
Kayne Anderson Capital Advisors Lp	10 percent owner	2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067
Charles A Norris	director, 10 percent owner	481 DENSLOW AVE, LOS ANGELES CA 90049
Robert V Sinnott	other: Former Director	1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067

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