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PLNTQ (Proliance International) Accounts Receivable : $45.9 Mil (As of Mar. 2009)


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What is Proliance International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Proliance International's accounts receivables for the quarter that ended in Mar. 2009 was $45.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Proliance International's Days Sales Outstanding for the quarter that ended in Mar. 2009 was 68.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Proliance International's Net-Net Working Capital per share for the quarter that ended in Mar. 2009 was $-3.84.


Proliance International Accounts Receivable Historical Data

The historical data trend for Proliance International'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.

Proliance International Accounts Receivable Chart

Proliance International Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.43 58.30 58.21 60.15 57.01

Proliance International Quarterly Data
Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
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 60.30 77.51 70.15 57.01 45.92

Proliance International Accounts Receivable Calculation

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


Proliance International 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.

Proliance International's Days Sales Outstanding for the quarter that ended in Mar. 2009 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=45.924/60.978*91
=68.72

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

Proliance International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2009 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)
=(2.233+0.75 * 45.924+0.5 * 72.375-133.491
-0-0)/15.7805
=-3.84

* 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.


Proliance International Accounts Receivable Related Terms

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Proliance International Business Description

Traded in Other Exchanges
N/A
Address
100 Gando Drive, New Haven, CT, USA, 06513
Proliance International Inc designs, manufactures and markets heat exchange products and temperature control parts for the automotive and light truck aftermarket.
Executives
Arlen F Henock officer: Exec VP and CFO
Paul R Lederer director 233 S PATTERSON, SPRINGFIELD MO 65802
Abraham William J Jr director FOLEY & LARDNER, 777 EAST WISCONSIN AVENUE, MILWAUKEE WI 63202
Vincent L Martin director
James R Rulseh director 5001 N SECOND STREET, ROCKFORD IL 61111
Bradley C Richardson director
Sharon M Oster director C/O WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Michael T Yonker director 5001 NORTH SECOND STREET, ROCKFORD IL 61111
Philip W Colburn director 11611 SAN VICENTE BLVD, SUITE 505, LOS ANGELES CA 90049

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