Winc (WBEVQ) Accounts Receivable : $3.31 Mil (As of Sep. 2022)

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What is Winc Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Winc's accounts receivables for the quarter that ended in Sep. 2022 was $3.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Winc's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 19.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Winc's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-1.40.

Winc Accounts Receivable Historical Data

The historical data trend for Winc'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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Winc Accounts Receivable Chart

Winc Annual Data

Trend

Dec19

Dec20

Dec21

Accounts Receivable

1.37

1.51

2.58

Winc Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Receivable	Get a 7-Day Free Trial						2.89	2.58	3.76	4.41	3.31

Winc Accounts Receivable Calculation

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

Winc 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.

Winc's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.309	/	15.806	*	91
=	19.10

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

Winc's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=	(2.76	+	0.75 * 3.309	+	0.5 * 25.73	-	36.751
-	0	-	0)	/	13.2966
=	-1.40

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.

Winc Accounts Receivable Related Terms

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Winc (WBEVQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Winc Inc (OTCPK:WBEVQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1751 Berkeley Street, Studio 3, Santa Monica, CA, USA, 90404

Website

https://www.winc.com

Winc Inc is a wine company in the United States. It has a direct-to-consumer model, which involves the company bottling, labeling, and distributing wine under its own winery license. It also features wines at select retailers and restaurants nationwide. It sources from vineyards and works with winemakers and ships all wine, domestic and international, in bulk containers to a centralized winemaking and bottling facility on California's Central Coast.

Executives

Deer Vii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVE, LARCHMONT NY 10538
Wahoowa Ventures Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Alesia Lee Pinney	director	AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Goblue Ventures Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Brian Patrick Smith	director, 10 percent owner, officer: President	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Carol Brault	officer: Chief Financial Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Erin K Green	officer: Chief Operating Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Xiangwei Weng	director	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Laura Joukovski	director	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Thelen Matthew Jonathan Alan	officer: See Remarks	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Geoffrey Mcfarlane	director, 10 percent owner, officer: Chief Executive Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
15 Angels Ii Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Patrick M Delong	director	1222 ARROYO SARCO, NAPA CA 94558
Deer Viii & Co. Ltd.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Deer Viii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538