Nathan's Famous (Nathan's Famous) Accounts Receivable : $13.2 Mil (As of Dec. 2023)

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What is Nathan's Famous Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nathan's Famous's accounts receivables for the quarter that ended in Dec. 2023 was $13.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nathan's Famous's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nathan's Famous's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-12.47.

Nathan's Famous Accounts Receivable Historical Data

The historical data trend for Nathan's Famous's Accounts Receivable 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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Nathan's Famous Accounts Receivable Chart

Nathan's Famous Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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10.09

11.09

11.70

13.24

14.92

Nathan's Famous Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															12.58	14.92	20.51	14.87	13.24

Nathan's Famous Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Nathan's Famous Accounts Receivable 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 receivables are being managed.

Nathan's Famous's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.236	/	28.89	*	91
=	41.81

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Nathan's Famous's accounts receivable are only considered to be worth 75% of book value:

Nathan's Famous's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.732	+	0.75 * 13.236	+	0.5 * 0.554	-	77.885
-	0	-	0)	/	4.08462
=	-12.47

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Nathan's Famous Accounts Receivable Related Terms

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Nathan's Famous (Nathan's Famous) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nathan's Famous Inc (NAS:NATH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NFA:Germany

Address

One Jericho Plaza, Second Floor - Wing A, Jericho, NY, USA, 11753

Website

https://www.nathansfamous.com

Nathan's Famous Inc is an owner of fast food franchises in the United States. The company's reportable segment includes the Branded Product Program, Product licensing, Restaurant operations and Corporate. Branded Product Program derives revenue principally from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. It generates maximum revenue from the Branded Product Program segment. Geographically, it derives a majority of revenue from the United States.

Executives

Brian S Genson	director
Joanne Podell	director	ONE JERICHO PLAZA, JERICHO NY 11753
Robert E Steinberg	officer: VP Finance, CFO, Treasurer	NATHAN'S FAMOUS INC., ONE JERICHO PLAZA, JERICHO NY 11753
Andrew M Levine	director	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Ronald G Devos	officer: VP-Fin, CFO and Secy
James Robert Walker	officer: SVP, Restaurants	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Robert J Eide	director	70 EAST SUNRISE HIGHWAY STE 415, VALLEY STREAM NY 11581
Randy Watts	officer: VP - Franchise Operations	1400 OLD COUNTRY ROAD, SUITE 400, WESTBURY NY 11590
Leigh Platte	officer: Vice President, Food Service	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Scott F. Harvey	officer: Executive Vice President	ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Donald P Schedler	officer: Vice President
Barry Leistner	director
Wayne Norbitz	director, officer: President
Donald L Perlyn	director, officer: Executive Vice President
Howard M Lorber	director, 10 percent owner, officer: Executive Chairman	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137