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PC Group (PC Group) Accounts Receivable : $5.90 Mil (As of Dec. 2010)


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What is PC Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PC Group's accounts receivables for the quarter that ended in Dec. 2010 was $5.90 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PC Group's Days Sales Outstanding for the quarter that ended in Dec. 2010 was 49.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PC Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was $-3.24.


PC Group Accounts Receivable Historical Data

The historical data trend for PC Group'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.

* Premium members only.

PC Group Accounts Receivable Chart

PC Group Annual Data
Trend Feb01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.60 8.76 5.59 4.39 5.90

PC Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.39 6.26 6.53 7.56 5.90

PC Group Accounts Receivable Calculation

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


PC Group 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.

PC Group's Days Sales Outstanding for the quarter that ended in Dec. 2010 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5.897/10.814*91
=49.76

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

PC Group'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)
=(0.922+0.75 * 5.897+0.5 * 9.114-35.338
-0-0)/7.84877
=-3.24

* 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.


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.


PC Group Accounts Receivable Related Terms

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PC Group (PC Group) Business Description

Traded in Other Exchanges
N/A
Address
419 Park Avenue South, Suite 500, New York, NY, USA, 10016
PC Group Inc offers a diverse line of personal care products for the private label retail, medical, and therapeutic markets.
Executives
Warren B Kanders director, 10 percent owner ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD, CT 06901
Kathleen P. Bloch officer: Vice President and CFO 3 PERSHING COURT, NORTH BRUNSWICK NJ 08902
Burtt R Ehrlich director 20 BRYNWOOD LANE, GREENWICH CT 06831
David M Knott 10 percent owner 485 UNDERHILL BLVD, STE 205, SYOSSET NY 11791-3419
Sara A. Cherry officer: CFO and VP 77 BEALE ST., SAN FRANCISO CA 94105
Thomas W Strauss director 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022

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