SPGZ (Spectrum Group International) Accounts Receivable: $49 Mil (As of Dec. 2013)

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What is Spectrum Group International Accounts Receivable?

Spectrum Group International SPGZ Accounts Receivable is $49 Mil as of Dec. 2013.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spectrum Group International's accounts receivables for the quarter that ended in Dec. 2013 was $49 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spectrum Group International's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 2.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spectrum Group International's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was $-42,875.25.

Spectrum Group 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.

Spectrum Group International's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=48.579/1509.516*91
=2.94

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

Spectrum Group International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 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)
=(16.918+0.75 * 48.579+0.5 * 182.63-272.872
-0-0.421)/0.003
=-42,875.25

* 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.

Spectrum Group International Accounts Receivable Related Terms

Spectrum Group International Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Spectrum Group 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.

Spectrum Group International Accounts Receivable Chart

Spectrum Group International Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.01 5.72 63.70 93.79 71.12

Spectrum Group International Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 11.09 14.29 71.12 16.77 48.58

Spectrum Group International 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 $49 Mil mean?
Spectrum Group International (SPGZ) has a Accounts Receivable of $49 Mil as of Dec. 2013. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Spectrum Group International and its competitors.
Is Spectrum Group International's Accounts Receivable too high?
Spectrum Group International's current Accounts Receivable is $49 Mil.
How does Spectrum Group International's Accounts Receivable compare to KIRK and LIVE?
Spectrum Group International's Accounts Receivable of $49 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Accounts Receivable depends on the Retail - Cyclical 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 Spectrum Group International and its competitors. Spectrum Group International's current Accounts Receivable is $49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectrum Group International stock overvalued right now?
Spectrum Group International (SPGZ) has a current Accounts Receivable of $49 Mil. The current Accounts Receivable is $49 Mil. 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 Spectrum Group International (SPGZ), the current Accounts Receivable is $49 Mil as of Dec. 2013. 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.

Spectrum Group International Business Description

Address 1063 McGaw Avenue, Suite 250, Irvine, CA, USA, 92614
Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.