Maison Luxe (Maison Luxe) Accounts Receivable : $0.20 Mil (As of Dec. 2011)

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What is Maison Luxe Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maison Luxe's accounts receivables for the quarter that ended in Dec. 2011 was $0.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maison Luxe's Days Sales Outstanding for the quarter that ended in Dec. 2011 was 17.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maison Luxe's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was $N/A.

Maison Luxe Accounts Receivable Historical Data

The historical data trend for Maison Luxe'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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Maison Luxe Accounts Receivable Chart

Maison Luxe Annual Data

Trend

Mar10

Mar11

Accounts Receivable

0.03

0.06

Maison Luxe Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Accounts Receivable	Get a 7-Day Free Trial						0.03	0.06	0.06	0.05	0.20

Maison Luxe Accounts Receivable Calculation

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

Maison Luxe 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.

Maison Luxe's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.197	/	1.046	*	91
=	17.19

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

Maison Luxe's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 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)
=	(0.024	+	0.75 * 0.197	+	0.5 * 0	-	2.205
-	0	-	0)	/	0
=	N/A

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.

Maison Luxe Accounts Receivable Related Terms

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Maison Luxe (Maison Luxe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Maison Luxe Inc (OTCPK:MASN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bridge Plaza North, Suite 2, Fort Lee, NJ, USA, 07024

Website

https://www.maisonluxeny.com

Maison Luxe Inc offers luxury retail consumer items that are responsibly sourced and affordable. The company operates as a niche high-end luxury goods retailer, helping interested consumers obtain rare luxury items that may otherwise not be reliably available due to the nature of the luxury retail marketplace. It focuses primarily within the fine time piece and jewelry segments, both on a wholesale and business-to-consumer basis.