Dixons Retail (LSE:DXNS) Accounts Receivable : £149 Mil (As of Apr. 2014)

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What is Dixons Retail Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dixons Retail's accounts receivables for the quarter that ended in Apr. 2014 was £149 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dixons Retail's Days Sales Outstanding for the quarter that ended in Apr. 2014 was 7.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dixons Retail's Net-Net Working Capital per share for the quarter that ended in Apr. 2014 was £-0.45.

Dixons Retail Accounts Receivable Historical Data

The historical data trend for Dixons Retail'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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Dixons Retail Accounts Receivable Chart

Dixons Retail Annual Data

Trend

Apr05

Apr06

Apr07

May08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Accounts Receivable

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231.60

219.50

195.60

172.60

149.10

Dixons Retail Semi-Annual Data
	Oct07	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14
Accounts Receivable	Get a 7-Day Free Trial								195.60	349.90	172.60	304.50	149.10

Dixons Retail Accounts Receivable Calculation

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

Dixons Retail 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.

Dixons Retail's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	149.1	/	3786.3	*	91
=	7.19

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

Dixons Retail's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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)
=	(408.7	+	0.75 * 149.1	+	0.5 * 684.4	-	2501.1
-	0	-	0.6)	/	3660.100
=	-0.45

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.

Dixons Retail Accounts Receivable Related Terms

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Dixons Retail (LSE:DXNS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dixons Retail PLC (LSE:DXNS) » Definitions » Accounts Receivable

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Website

http://www.dixonsretail.com

Dixons Retail PLC is an electrical retailer and service company which sell consumer electronics, personal computers, domestic appliances, photographic equipment, communication products and related services. The Group's reportable segments are; UK & Ireland comprises of electrical and computing retail chains as well as business to business activities. The division is engaged in multi-channel retail sales, associated peripherals and services and related financial and after sales services and also in business to business sales of computer hardware and software; Nordics operates in Norway, Sweden, Finland, Denmark, Iceland, Greenland and the Faroe Islands. The division engages in multi-channel retail sales and provided related product support services to its customers; Other International comprises operations in Italy, Greece, the Czech Republic, Slovakia, Turkey and the business to be closed in Spain which is excluded from underlying results. The Other International division engages in retail sales and provides related product support services to its customers in all of its markets; and Pure play e-commerce comprises pure play online retailers and operates in all of the countries in which the other divisions operate and across Europe.

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