Crimson Wine Group (Crimson Wine Group) Change In Receivables : $-0.30 Mil (TTM As of Mar. 2024)

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What is Crimson Wine Group Change In Receivables?

Crimson Wine Group's change in receivables for the quarter that ended in Mar. 2024 was $0.73 Mil. It means Crimson Wine Group's Accounts Receivable declined by $0.73 Mil from Dec. 2023 to Mar. 2024 .

Crimson Wine Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.82 Mil. It means Crimson Wine Group's Accounts Receivable increased by $0.82 Mil from Dec. 2022 to Dec. 2023 .

Crimson Wine Group's Accounts Receivable for the quarter that ended in Mar. 2024 was $6.95 Mil.

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 Receivable are being managed. Crimson Wine Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Crimson Wine Group's liquidation value for the three months ended in Mar. 2024 was $31.87 Mil.

Crimson Wine Group Change In Receivables Historical Data

The historical data trend for Crimson Wine Group's Change In Receivables 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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Crimson Wine Group Change In Receivables Chart

Crimson Wine Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.94

2.04

1.33

-0.28

-0.82

Crimson Wine Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.21	1.66	-4.55	1.86	0.73

Crimson Wine Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.30 Mil.

Crimson Wine Group (OTCPK:CWGL) Change In Receivables 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 Receivable are being managed.

Crimson Wine Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.954	/	15.93	*	91
=	39.83

2. In Ben Graham's calculation of liquidation value, Crimson Wine Group's accounts receivable are only considered to be worth 75% of book value:

Crimson Wine Group's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	25.365	-	27.783	+	0.75 * 6.954	+	0.5 * 58.154
=	31.87

Crimson Wine Group Change In Receivables Related Terms

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Crimson Wine Group (Crimson Wine Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Crimson Wine Group Ltd (OTCPK:CWGL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5901 Silverado Trail, Napa, CA, USA, 94558

Website

https://www.crimsonwinegroup.com

Crimson Wine Group Ltd is engaged in the business of producing and selling luxury wines. Its operating segments are Wholesale net sales and Direct to Consumer net sales. It generates revenues from sales of wine to wholesalers and directs to consumers, sales of bulk wine and grapes, custom winemaking services, special event fees, tasting fees, and retail sales. The company's wineries include wine brands of Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines.

Executives

Annette D. Alvarez-peters	director	C/O CRIMSON WINE GROUP, 5901 SILVERADO TRAIL, NAPA CA 94558
Luanne Dupere Tierney	director	C/O CRIMSON WINE GROUP LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558
Kimberly A. Benson	officer: Interim CFO	C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558
John D. Cumming	director	C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558
Joseph S Steinberg	director	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Rollins Colby A.	director	2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558
Jennifer L. Locke	officer: CHIEF EXECUTIVE OFFICER	C/O CRIMSON WINE GROUP, LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558
Teton Holdings Corp Ccs	10 percent owner	P. O. BOX 4902, JACKSON WY 83001
David Cumming	10 percent owner	1794 OLYMPIC PARKWAY, SUITE 201, PARK CITY UT 84098
Quille Nicolas Michel Eric	officer: COO	2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558
Craig Williams	director	C/O CRIMSON WINE GROUP, LTD, 5901 SILVERADO TRAIL, NAPA CA 94558
Ian M. Cumming Charitable Lead Annuity Trust	10 percent owner	P. O. BOX 4902, JACKSON WY 83001
Patrick M Delong	officer: Chief Fin. & Oper. Officer	1222 ARROYO SARCO, NAPA CA 94558
Mike S. Cekay	officer: SVP of Global Sales	C/O CRIMSON WINE GROUP, LTD, 5901 SIVERADO TRAIL, NAPA CA 94558
Karen L. Diepholz	officer: CFO	2700 NAPA VALLEY CORPORATE DR., STE. B, NAPA CA 94558