Signature Eyewear (Signature Eyewear) Change In Receivables : $0.77 Mil (TTM As of Apr. 2011)

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What is Signature Eyewear Change In Receivables?

Signature Eyewear's change in receivables for the quarter that ended in Apr. 2011 was $0.51 Mil. It means Signature Eyewear's Accounts Receivable declined by $0.51 Mil from Jan. 2011 to Apr. 2011 .

Signature Eyewear's change in receivables for the fiscal year that ended in Oct. 2010 was $0.06 Mil. It means Signature Eyewear's Accounts Receivable declined by $0.06 Mil from Oct. 2009 to Oct. 2010 .

Signature Eyewear's Accounts Receivable for the quarter that ended in Apr. 2011 was $2.11 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. Signature Eyewear's Days Sales Outstanding for the three months ended in Apr. 2011 was 42.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Signature Eyewear's liquidation value for the three months ended in Apr. 2011 was $-4.29 Mil.

Signature Eyewear Change In Receivables Historical Data

The historical data trend for Signature Eyewear'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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Signature Eyewear Change In Receivables Chart

Signature Eyewear Annual Data

Trend

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Change In Receivables

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0.19

-0.06

0.09

0.24

0.06

Signature Eyewear Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11
Change In Receivables	Get a 7-Day Free Trial															-0.09	0.28	0.10	-0.11	0.51

Signature Eyewear 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 Apr. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.77 Mil.

Signature Eyewear (OTCPK:SEYE) 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.

Signature Eyewear's Days Sales Outstanding for the quarter that ended in Apr. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.105	/	4.51	*	91
=	42.59

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

Signature Eyewear's liquidation value for the quarter that ended in Apr. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.407	-	8.216	+	0.75 * 2.105	+	0.5 * 3.881
=	-4.29

Signature Eyewear Change In Receivables Related Terms

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Signature Eyewear (Signature Eyewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Signature Eyewear Inc (OTCPK:SEYE) » Definitions » Change In Receivables

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Address

317 Isis Avenue 207, Inglewood, CA, USA, 90301

Website

http://www.signatureeyewear.com

Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

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