Spirit Pub Co (LSE:SPRT) Accounts Receivable : £0.0 Mil (As of Feb. 2015)

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What is Spirit Pub Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spirit Pub Co's accounts receivables for the quarter that ended in Feb. 2015 was £0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spirit Pub Co's Days Sales Outstanding for the quarter that ended in Feb. 2015 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spirit Pub Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2015 was £-1.62.

Spirit Pub Co Accounts Receivable Historical Data

The historical data trend for Spirit Pub Co'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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Spirit Pub Co Accounts Receivable Chart

Spirit Pub Co Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Accounts Receivable

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11.40

10.30

4.80

4.90

4.30

Spirit Pub Co Semi-Annual Data
	Aug08	Aug09	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15
Accounts Receivable	Get a 7-Day Free Trial							-	4.90	-	4.30	-

Spirit Pub Co Accounts Receivable Calculation

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

Spirit Pub Co 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.

Spirit Pub Co's Days Sales Outstanding for the quarter that ended in Feb. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	421	*	91
=	0.00

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

Spirit Pub Co's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2015 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)
=	(144.1	+	0.75 * 0	+	0.5 * 8.7	-	1232
-	0	-	0)	/	667.25
=	-1.62

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.

Spirit Pub Co Accounts Receivable Related Terms

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Spirit Pub Co (LSE:SPRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spirit Pub Co PLC (LSE:SPRT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.spiritpubcompany.com

Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.