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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Splash Beverage Group's accounts receivables for the quarter that ended in Dec. 2023 was $0.89 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Splash Beverage Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.25.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Splash Beverage Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.30.
The historical data trend for Splash Beverage 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.
Splash Beverage Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 0.31 | 0.49 | 1.11 | 1.81 | 0.89 |
Splash Beverage Group 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 | 1.81 | 2.19 | 1.96 | 1.51 | 0.89 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Splash Beverage Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0.891 | / | 2.688 | * | 91 |
= | 30.25 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Splash Beverage Group's accounts receivable are only considered to be worth 75% of book value:
Splash Beverage Group'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) | ||
= | (0.38 | + | 0.75 * 0.891 | + | 0.5 * 2.252 | - | 15.504 |
- | 0 | - | 0) | / | 44.3301 | ||
= | -0.30 |
* 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.
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.
Thank you for viewing the detailed overview of Splash Beverage Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick William Caple | director | 853 VANDERBILT BEACH RD., #218, NAPLES FL 34108 |
Robert Nistico | director, officer: CEO, President and Chairman | 1314 E. LAS OLAS BLVD, SUITE #221, FT LAUDERDALE FL 33301 |
Ronald Charles Wall | officer: Chief Financial Officer | 1453 BISCAYA DRIVE, SURFSIDE FL 33154 |
William R. Meissner | officer: President and CMO | C/O JONES SODA CO., 234 9TH AVENUE NORTH, SEATTLE WA 98109 |
Fatima Dhalla | officer: Interim CFO | 1010 PALM AVE, #302, WEST HOLLYWOOD CA 90069 |
Candace Crawford | director | 1314 EAST LS OLAS BLVD, SUITE 221, FORT LAUDERDALE FL 33301 |
Peter J Mcdonough | director | 405 PARK AVENUE, NEW YORK NY 10022 |
Dean Scott Huge | officer: Chief Financial Officer | 2817 NE 32ND STREET, #201, FORT LAUDERDALE FL 33306 |
Justin W Yorke | director, 10 percent owner, officer: Secretary | C/O JMG EXPLORATION, 180 SOUTH LAKE AVENUE, PASADENA CA 91101 |
Michael Thomas Long | director | 1603 PASEO CARMEL, SAN DIMAS CA 91773 |
John Matthias Lepo | director | 927 15TH STREET, SUITE #1, SANTA MONICA CA 90403 |
Heather Kearns | officer: Chief Executive Officer | 4704 SONADO PL, PARKER CO 80134 |
Michael J. West | director, 10 percent owner, officer: President and CEO | 16325 EAST DORADO AVE., CENTENNIAL CO 80111 |
Wesbev Llc | 10 percent owner | 4 RICHLAND PLACE, PASADENA CA 91103 |
Stephen H. West | director, officer: CFO and Secretary | 16325 EAST DORADO AVE., CENTENNIAL CO 80111 |
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