PXFG (Phoenix Footwear Group) Accounts Receivable : $3.57 Mil (As of Dec. 2023)

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What is Phoenix Footwear Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Phoenix Footwear Group's accounts receivables for the quarter that ended in Dec. 2023 was $3.57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Phoenix Footwear Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 69.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Phoenix Footwear Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.38.

Phoenix Footwear Group Accounts Receivable Historical Data

The historical data trend for Phoenix Footwear 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.

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Phoenix Footwear Group Accounts Receivable Chart

Phoenix Footwear Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.30

2.56

3.98

5.49

3.57

Phoenix Footwear Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															5.49	6.39	3.79	3.86	3.57

Phoenix Footwear Group Accounts Receivable Calculation

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

Phoenix Footwear 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.

Phoenix Footwear Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.566	/	4.71	*	91
=	69.09

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

Phoenix Footwear Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(0.037	+	0.75 * 3.566	+	0.5 * 9.719	-	13.125
-	0	-	0)	/	14.511
=	-0.38

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.

Phoenix Footwear Group Accounts Receivable Related Terms

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Phoenix Footwear Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Phoenix Footwear Group Inc (OTCPK:PXFG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2236 Rutherford Road, Suite 113, Carlsbad, CA, USA, 92008

Website

https://www.phoenixfootwear.com

Phoenix Footwear Group Inc operates in the footwear industry. It is engaged in the manufacturing and distribution of footwear in a range of sizes and widths under the brand's Trotters, SoftWalk, Pendleton, Los Cabos, and Bueno. The company's distribution channels include specialty and independent retail stores, mail order catalogs, uniforms, and internet retailers. It also operates it's own direct-to-consumer internet retail business for all its brands.

Executives

Riedman Corp	other: member of 10% group	45 EAST AVENUE ROCHESTER NY 14604
Steven Tannenbaum	10 percent owner	125 COUNTRY CLUB ROAD NEWTON MA 02459
Greenwood Investments, Inc.	10 percent owner	222 BERKELEY STREET 12TH FLOOR BOSTON MA 02116
Greenwood Capital Limited Partnership	10 percent owner	222 BERKELEY STREET 12TH FLOOR BOSTON MA 02116
Greenwood Investors Limited Partnership	10 percent owner	222 BERKELEY STREET FLOOR 17 BOSTON MA 02116
Gregory W Slack	officer: CFO	2765 LOKER AVENUE WEST CARLSBAD CA 92010
Robby Lee Carter	other: Executive Vice President	303 YARD DRIVE LAKE ST. LOUIS MO 63367
Kevin G Wulff	director	1740 MONROVIA AVENUE COSTA MESA CA 92627
Dennis Nelson	officer: CFO, Secretary and Treasurer	5840 EL CAMINO REAL, SUITE 106, CARLSBAD CA 92008
Cathy B Taylor	director, officer: Chief Executive Officer	5840 EL CAMINO REAL SUITE 106 CARLSBAD CA 92008
Paul Douglas Ford	officer: Senior VP of Operations	5840 EL CAMINO REAL SUITE 106 CARLSBAD CA 92008
Willie Pfander	director, officer: Senior VP-Sourcing and Develop
Greg Harden	director
Steven Deperrier	director
John C Kratzer	director	PO BOX 116 4806 EL MARLO RANCHO SANTA FE CA 92067

Phoenix Footwear Group Headlines

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