Paragon Financial Solutions (Paragon Financial Solutions) Change In Receivables : $-0.56 Mil (TTM As of Mar. 2008)

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What is Paragon Financial Solutions Change In Receivables?

Paragon Financial Solutions's change in receivables for the quarter that ended in Mar. 2008 was $-0.56 Mil. It means Paragon Financial Solutions's Accounts Receivable increased by $0.56 Mil from Dec. 2007 to Mar. 2008 .

Paragon Financial Solutions's change in receivables for the fiscal year that ended in Dec. 2007 was $-0.51 Mil. It means Paragon Financial Solutions's Accounts Receivable increased by $0.51 Mil from Dec. 2006 to Dec. 2007 .

Paragon Financial Solutions's Accounts Receivable for the quarter that ended in Mar. 2008 was $2.51 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. Paragon Financial Solutions's Days Sales Outstanding for the three months ended in Mar. 2008 was 86.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Paragon Financial Solutions's liquidation value for the three months ended in Mar. 2008 was $-285.76 Mil.

Paragon Financial Solutions Change In Receivables Historical Data

The historical data trend for Paragon Financial Solutions'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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Paragon Financial Solutions Change In Receivables Chart

Paragon Financial Solutions Annual Data

Trend

Dec05

Dec06

Dec07

Change In Receivables

-0.51

Paragon Financial Solutions Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08
Change In Receivables	Get a 7-Day Free Trial							-	-	-	-	-0.56

Paragon Financial Solutions 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. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.56 Mil.

Paragon Financial Solutions (OTCPK:PGNN) 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.

Paragon Financial Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2008 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.513	/	2.66	*	91
=	86.21

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

Paragon Financial Solutions's liquidation value for the quarter that ended in Mar. 2008 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.577	-	293.221	+	0.75 * 2.513	+	0.5 * 0
=	-285.76

Paragon Financial Solutions Change In Receivables Related Terms

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Paragon Financial Solutions (Paragon Financial Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Paragon Financial Solutions Inc (OTCPK:PGNN) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

5400 Poplar Avenue, Suite 350, Memphis, TN, USA, 38119

Website

https://www.bankparagon.com

Paragon Financial Solutions Inc provides small and mid-sized businesses, along with their owners and executives, with a complete package of banking solutions delivered both in-person and online. The company provides Cash Management Solutions; Commerical Lending; Personal Checking Accounts; Mortgages; Private Banking and others.

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