Panache Beverage (Panache Beverage) Change In Receivables : $1.69 Mil (TTM As of Jun. 2014)

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What is Panache Beverage Change In Receivables?

Panache Beverage's change in receivables for the quarter that ended in Jun. 2014 was $0.09 Mil. It means Panache Beverage's Accounts Receivable declined by $0.09 Mil from Mar. 2014 to Jun. 2014 .

Panache Beverage's change in receivables for the fiscal year that ended in Dec. 2013 was $1.21 Mil. It means Panache Beverage's Accounts Receivable declined by $1.21 Mil from Dec. 2012 to Dec. 2013 .

Panache Beverage's Accounts Receivable for the quarter that ended in Jun. 2014 was $0.14 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. Panache Beverage's Days Sales Outstanding for the three months ended in Jun. 2014 was 19.61.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Panache Beverage's liquidation value for the three months ended in Jun. 2014 was $-12.55 Mil.

Panache Beverage Change In Receivables Historical Data

The historical data trend for Panache Beverage'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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Panache Beverage Change In Receivables Chart

Panache Beverage Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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-0.18

-0.21

-1.39

1.21

Panache Beverage Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Change In Receivables	Get a 7-Day Free Trial															-0.74	0.36	1.30	-0.06	0.09

Panache Beverage 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 Jun. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.69 Mil.

Panache Beverage (GREY:WDKA) 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.

Panache Beverage's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.141	/	0.656	*	91
=	19.61

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

Panache Beverage's liquidation value for the quarter that ended in Jun. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.069	-	13.167	+	0.75 * 0.141	+	0.5 * 0.88
=	-12.55

Panache Beverage Change In Receivables Related Terms

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Panache Beverage (Panache Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Panache Beverage Inc (GREY:WDKA) » Definitions » Change In Receivables

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Address

3rd Floor, 150 Fifth Avenue, New York, NY, USA, 10010

Website

http://www.panachespirits.com

Panache Beverage Inc operates in the beverages industry in the United States. The company is engaged in manufacturing of vodka.

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