Prime Focus London (LSE:PFO) Accounts Receivable : £2.88 Mil (As of Mar. 2013)

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What is Prime Focus London Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Prime Focus London's accounts receivables for the quarter that ended in Mar. 2013 was £2.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Prime Focus London's Days Sales Outstanding for the quarter that ended in Mar. 2013 was 99.45.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Prime Focus London's Net-Net Working Capital per share for the quarter that ended in Mar. 2013 was £-0.57.

Prime Focus London Accounts Receivable Historical Data

The historical data trend for Prime Focus London'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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Prime Focus London Accounts Receivable Chart

Prime Focus London Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Accounts Receivable

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4.67

6.09

13.61

4.63

2.88

Prime Focus London Semi-Annual Data
	Feb03	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13
Accounts Receivable	Get a 7-Day Free Trial															13.61	28.55	4.63	-	2.88

Prime Focus London Accounts Receivable Calculation

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

Prime Focus London 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.

Prime Focus London's Days Sales Outstanding for the quarter that ended in Mar. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.88	/	5.285	*	91
=	99.45

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

Prime Focus London's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2013 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)
=	(0.586	+	0.75 * 2.88	+	0.5 * 0.024	-	21.43
-	0	-	0)	/	32.882
=	-0.57

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.

Prime Focus London Accounts Receivable Related Terms

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Prime Focus London (LSE:PFO) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Prime Focus London PLC (LSE:PFO) » Definitions » Accounts Receivable

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Website

http://www.vtrplc.com

Prime Focus London PLC is incorporated and domiciled in England. The company and its subsidiaries are technology based service providers to the media and entertainment industry. It is a part of Prime Focus, providing services to the Film, Broadcast, Commercials, Internet and Media industries. It offers end-to-end solution, from pre-production to final delivery including video and audio post-production, production services and on-set supervision, Digital Intermediate, versioning and adaptation, visual effects and animation.