Nascent Wine Co (Nascent Wine Co) Change In Receivables : $2.85 Mil (TTM As of Sep. 2008)

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What is Nascent Wine Co Change In Receivables?

Nascent Wine Co's change in receivables for the quarter that ended in Sep. 2008 was $3.42 Mil. It means Nascent Wine Co's Accounts Receivable declined by $3.42 Mil from Jun. 2008 to Sep. 2008 .

Nascent Wine Co's change in receivables for the fiscal year that ended in Dec. 2007 was $-2.39 Mil. It means Nascent Wine Co's Accounts Receivable increased by $2.39 Mil from Dec. 2006 to Dec. 2007 .

Nascent Wine Co's Accounts Receivable for the quarter that ended in Sep. 2008 was $2.61 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. Nascent Wine Co's Days Sales Outstanding for the three months ended in Sep. 2008 was 58.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nascent Wine Co's liquidation value for the three months ended in Sep. 2008 was $-5.14 Mil.

Nascent Wine Co Change In Receivables Historical Data

The historical data trend for Nascent Wine Co'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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Nascent Wine Co Change In Receivables Chart

Nascent Wine Co Annual Data

Trend

Dec05

Dec06

Dec07

Change In Receivables

-0.86

-2.39

Nascent Wine Co Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Change In Receivables	Get a 7-Day Free Trial									-2.25	2.74	-5.45	2.14	3.42

Nascent Wine Co 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 Sep. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.85 Mil.

Nascent Wine Co (OTCPK:NCTW) 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.

Nascent Wine Co's Days Sales Outstanding for the quarter that ended in Sep. 2008 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.609	/	4.095	*	91
=	58.14

2. In Ben Graham's calculation of liquidation value, Nascent Wine Co's accounts receivable are only considered to be worth 75% of book value:

Nascent Wine Co's liquidation value for the quarter that ended in Sep. 2008 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.715	-	8.911	+	0.75 * 2.609	+	0.5 * 2.194
=	-5.14

Nascent Wine Co Change In Receivables Related Terms

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Nascent Wine Co (Nascent Wine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nascent Wine Co Inc (OTCPK:NCTW) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

12055 East Broadway Boulevard, Tucson, AZ, USA, 85748

Website

http://www.pianconegroup.com

Nascent Wine Co Inc engages in the distribution of food and non-food products. It distributes a full line of frozen foods, such as meats, fully prepared entrees & desserts, and a full line of canned and dry goods, fresh meats and imported specialties.

Executives

Jgd Management Corp /ny	director, 10 percent owner	767 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10153
James E Buckman	director	YORK CAPITAL MANAGEMENT, 767 5TH AVENUE - 17TH FLOOR, NEW YORK NY 10153

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