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

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PXFG Phoenix Footwear Group Inc PXFG
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What is Phoenix Footwear Group Accounts Receivable?

Phoenix Footwear Group PXFG 12 Accounts Receivable is $3.57 Mil as of Dec. 2023. GuruFocus rates PXFG with a GF Score™ of 12/100.

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 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

* 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.

Phoenix Footwear Group Accounts Receivable Related Terms

Phoenix Footwear Group Accounts Receivable Historical Data

* Premium members only.

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.

Phoenix Footwear Group Accounts Receivable Chart

Phoenix Footwear Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 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 5.49 6.39 3.79 3.86 3.57
PXFG
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Phoenix Footwear Group Inc PXFG
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $3.57 Mil mean?
Phoenix Footwear Group (PXFG) has a Accounts Receivable of $3.57 Mil as of Dec. 2023. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Phoenix Footwear Group and its competitors.
Is Phoenix Footwear Group's Accounts Receivable too high?
Phoenix Footwear Group's current Accounts Receivable is $3.57 Mil. Overall, Phoenix Footwear Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Footwear Group's Accounts Receivable compare to GIII and JL?
Phoenix Footwear Group's Accounts Receivable of $3.57 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Manufacturing - Apparel & Accessories company?
A good Accounts Receivable depends on the Manufacturing - Apparel & Accessories industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Phoenix Footwear Group and its competitors. Phoenix Footwear Group's current Accounts Receivable is $3.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Footwear Group stock overvalued right now?
Phoenix Footwear Group (PXFG) has a current Accounts Receivable of $3.57 Mil. The current Accounts Receivable is $3.57 Mil. Phoenix Footwear Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Phoenix Footwear Group (PXFG), the current Accounts Receivable is $3.57 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Phoenix Footwear Group Business Description

Address 2236 Rutherford Road, Suite 113, Carlsbad, CA, USA, 92008
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.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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