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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Parks! America's accounts receivables for the quarter that ended in Dec. 2024 was $0.04 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Parks! America's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 2.11.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Parks! America's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.02.
The historical data trend for Parks! America'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.
Parks! America Annual Data | |||||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | Sep24 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial |
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- | - | - | 0.04 | 0.06 |
Parks! America Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Accounts Receivable | Get a 7-Day Free Trial |
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0.01 | 0.01 | 0.02 | 0.06 | 0.04 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Parks! America's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0.041 | / | 1.77 | * | 91 |
= | 2.11 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Parks! America's accounts receivable are only considered to be worth 75% of book value:
Parks! America's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 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) | ||
= | (2.661 | + | 0.75 * 0.041 | + | 0.5 * 0.343 | - | 4.559 |
- | 0 | - | 0) | / | 75.727 | ||
= | -0.02 |
* 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.
Thank you for viewing the detailed overview of Parks! America's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Focused Compounding Fund, Lp | 10 percent owner | 3838 OAK LAWN AVENUE, SUITE 1000, C/O FOCUSED COMPOUNDING CAPITAL MGMT, DALLAS TX 75219 |
Todd R White | officer: Chief Financial Officer | 16600 N THOMPSON PEAK PKWY, #1069, SCOTTSDALE AZ 85260 |
Charles Kohnen | director | 5424 SPICE BUSH COURT, DAYTON OH 45429 |
Lisa Michelle Brady | director | 1007 DOCKWAY DRIVE, HURON OH 44839 |
Richard Ruffolo | director | C/O THE YANKEE CANDLE COMPANY, INC., 16 YANKEE CANDLE WAY, SOUTH DEERFIELD MA 01373 |
Focused Compounding Capital Management, Llc | other: Investment Mgr of 10% Owner | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Andrew Mitchel Kuhn | other: Managing Member of IA | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Geoffrey Harvey Gannon | other: Managing Member of IA | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Mark Alan Whitfield | officer: Executive Vice President | 1501 COPPERFIELD PARKWAY, APT 312, COLLEGE STATION TX 77845 |
Voorhis Dale Van | director, officer: Chief Operating Officer | 5684 PIONEER TRAIL, HIRAM OH 44234 |
Jeff Lococo | director, officer: Secretary | 4304 WALNUT CREEK LANE, SANDUSKY OH 44870 |
William S Jump | director | 485 OAK CREEK CLIFFS DRIVE, SEDONA AZ 86336 |
John Paul Gannon | director | 6040 KENTIGERN CT. SOUTH, DUBLIN OH 43017 |
Nicholas Aaron Parks | 10 percent owner | 5010 THORNBROOK RIDGE, COLUMBIA MO 65203 |
Jim Meikle | director | 208 S ACADEMY AVE, STE 130, EAGLE ID 83616 |
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