Diamond Estates Wines & Spirits (TSXV:DWS) Accounts Receivable : C$3.70 Mil (As of Sep. 2024)

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What is Diamond Estates Wines & Spirits Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Diamond Estates Wines & Spirits's accounts receivables for the quarter that ended in Sep. 2024 was C$3.70 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Diamond Estates Wines & Spirits's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 43.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Diamond Estates Wines & Spirits's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.27.

Diamond Estates Wines & Spirits Accounts Receivable Historical Data

The historical data trend for Diamond Estates Wines & Spirits'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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Diamond Estates Wines & Spirits Accounts Receivable Chart

Diamond Estates Wines & Spirits Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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2.76

2.40

3.94

3.11

2.38

Diamond Estates Wines & Spirits Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															2.76	2.45	2.38	2.91	3.70

Diamond Estates Wines & Spirits Accounts Receivable Calculation

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

Diamond Estates Wines & Spirits 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.

Diamond Estates Wines & Spirits's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.7	/	7.715	*	91
=	43.76

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

Diamond Estates Wines & Spirits's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0	+	0.75 * 3.7	+	0.5 * 15.005	-	27.702
-	0	-	0)	/	64.524
=	-0.27

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.

Diamond Estates Wines & Spirits Accounts Receivable Related Terms

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Diamond Estates Wines & Spirits Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Diamond Estates Wines & Spirits Inc (TSXV:DWS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

1067 Niagara Stone Road, Niagara-On-The-Lake, ON, CAN, L0S 1J0

Website

https://www.lakeviewwineco.com

Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. It generates a majority of its revenue from the sale of wines. Some of the firm's products include rose wine, white wine, red wine and others.

Executives

Oakwest Corporation Limited	10% Security Holder
Andrew Douglas Green	Senior Officer
Austin Cecil Beutel	Director or Senior Officer of 10% Security Holder
J. Murray Souter	Senior Officer
David Michael Beutel	Director

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