Hannover House (Hannover House) Accounts Receivable : $0.50 Mil (As of Dec. 2020)

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What is Hannover House Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hannover House's accounts receivables for the quarter that ended in Dec. 2020 was $0.50 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hannover House's Days Sales Outstanding for the quarter that ended in Dec. 2020 was 186.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hannover House's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was $-0.01.

Hannover House Accounts Receivable Historical Data

The historical data trend for Hannover House'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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Hannover House Accounts Receivable Chart

Hannover House Annual Data

Trend

Dec14

Dec15

Dec20

Accounts Receivable

4.74

0.50

Hannover House Semi-Annual Data
	Dec14	Dec15	Dec20
Accounts Receivable	-	4.74	0.50

Hannover House Accounts Receivable Calculation

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

Hannover House 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.

Hannover House's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.5	/	0.489	*	91
=	186.61

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

Hannover House's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2020 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)
=	(0.478	+	0.75 * 0.5	+	0.5 * 0.101	-	6.379
-	0	-	0)	/	831.43
=	-0.01

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.

Hannover House Accounts Receivable Related Terms

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Hannover House (Hannover House) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hannover House Inc (OTCPK:HHSE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1621 Central Avenue, Cheyenne, WY, USA, 82001

Website

https://www.hannoverhouse.com

Hannover House Inc is a service media company, specializing in the production and distribution of feature films for theaters, home videos, and video-on-demand formats for the North American retail marketplace. It is mainly focused on the literary and book-publishing industries. It is particularly noted for its successes in placing DVD titles within mass merchandisers and keychain stores. Retailers carrying Hannover products include independently owned and operated retail video stores, and mass merchants and retailers.

Executives