Pacific Ventures Group (Pacific Ventures Group) Accounts Receivable : $0.99 Mil (As of Sep. 2023)

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What is Pacific Ventures Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pacific Ventures Group's accounts receivables for the quarter that ended in Sep. 2023 was $0.99 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pacific Ventures Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 12.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pacific Ventures Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-7.96.

Pacific Ventures Group Accounts Receivable Historical Data

The historical data trend for Pacific Ventures Group'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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Pacific Ventures Group Accounts Receivable Chart

Pacific Ventures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.28

1.29

1.21

1.40

1.13

Pacific Ventures Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															1.09	1.13	0.66	0.75	0.99

Pacific Ventures Group Accounts Receivable Calculation

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

Pacific Ventures Group 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.

Pacific Ventures Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.993	/	7.497	*	91
=	12.09

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

Pacific Ventures Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.152	+	0.75 * 0.993	+	0.5 * 1.36	-	27.832
-	0.004	-	0)	/	3.29945
=	-7.96

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.

Pacific Ventures Group Accounts Receivable Related Terms

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Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015

Website

https://www.pacvgroup.com

Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.

Executives

Shannon Masjedi	director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman	director, officer: EXECUTIVE VICE PRESIDENT	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith	director, officer: CHAIRMAN OF THE BOARD & CEO	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner	10 percent owner	1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie	10 percent owner	THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley	director, 10 percent owner, officer: President & Secretary	P.O. BOX 901658, SANDY UT 84090