Davi Luxury Brand Group (Davi Luxury Brand Group) Change In Receivables : $0.08 Mil (TTM As of Mar. 2014)

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What is Davi Luxury Brand Group Change In Receivables?

Davi Luxury Brand Group's change in receivables for the quarter that ended in Mar. 2014 was $0.05 Mil. It means Davi Luxury Brand Group's Accounts Receivable declined by $0.05 Mil from Dec. 2013 to Mar. 2014 .

Davi Luxury Brand Group's change in receivables for the fiscal year that ended in Sep. 2013 was $0.13 Mil. It means Davi Luxury Brand Group's Accounts Receivable declined by $0.13 Mil from Sep. 2012 to Sep. 2013 .

Davi Luxury Brand Group's Accounts Receivable for the quarter that ended in Mar. 2014 was $0.02 Mil.

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 Receivable are being managed. Davi Luxury Brand Group's Days Sales Outstanding for the three months ended in Mar. 2014 was 44.65.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Davi Luxury Brand Group's liquidation value for the three months ended in Mar. 2014 was $0.14 Mil.

Davi Luxury Brand Group Change In Receivables Historical Data

The historical data trend for Davi Luxury Brand Group's Change In Receivables 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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Davi Luxury Brand Group Change In Receivables Chart

Davi Luxury Brand Group Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Change In Receivables

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-0.11

-0.09

0.13

Davi Luxury Brand Group Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Change In Receivables	Get a 7-Day Free Trial															0.06	-0.02	0.04	0.01	0.05

Davi Luxury Brand Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.08 Mil.

Davi Luxury Brand Group (OTCPK:MDAV) Change In Receivables 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 Receivable are being managed.

Davi Luxury Brand Group's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.023	/	0.047	*	91
=	44.65

2. In Ben Graham's calculation of liquidation value, Davi Luxury Brand Group's accounts receivable are only considered to be worth 75% of book value:

Davi Luxury Brand Group's liquidation value for the quarter that ended in Mar. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.427	-	0.328	+	0.75 * 0.023	+	0.5 * 0.039
=	0.14

Davi Luxury Brand Group Change In Receivables Related Terms

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Davi Luxury Brand Group (Davi Luxury Brand Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davi Luxury Brand Group Inc (OTCPK:MDAV) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

9426 Dayton Way, Beverly Hills, CA, USA, 90210

Website

http://www.daviskin.com

Davi Luxury Brand Group Inc is a skin care (cosmetics) company that offers a grape-vineyard, botanical based skin care products marketed under the Company's 'DAVI', 'DAVI NAPA' and 'DAVI SKIN' brand names. All of its products are, or will be sold 'over the counter.' Through licensing and other arrangements, its products are available in high-end retail stores in Asia, luxury hotels worldwide, and in-flight and duty-free shops of a global luxury airline. The Company's products compete against similar, branded products of many large and small companies.

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