Span-America Medical Systems (Span-America Medical Systems) Change In Receivables : $-0.99 Mil (TTM As of Mar. 2017)

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What is Span-America Medical Systems Change In Receivables?

Span-America Medical Systems's change in receivables for the quarter that ended in Mar. 2017 was $-0.13 Mil. It means Span-America Medical Systems's Accounts Receivable increased by $0.13 Mil from Dec. 2016 to Mar. 2017 .

Span-America Medical Systems's change in receivables for the fiscal year that ended in Sep. 2016 was $-0.25 Mil. It means Span-America Medical Systems's Accounts Receivable increased by $0.25 Mil from Sep. 2015 to Sep. 2016 .

Span-America Medical Systems's Accounts Receivable for the quarter that ended in Mar. 2017 was $7.43 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. Span-America Medical Systems's Days Sales Outstanding for the three months ended in Mar. 2017 was 44.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Span-America Medical Systems's liquidation value for the three months ended in Mar. 2017 was $11.31 Mil.

Span-America Medical Systems Change In Receivables Historical Data

The historical data trend for Span-America Medical Systems'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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Span-America Medical Systems Change In Receivables Chart

Span-America Medical Systems Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Change In Receivables

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-0.07

0.30

1.69

-2.26

-0.25

Span-America Medical Systems Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Change In Receivables	Get a 7-Day Free Trial															2.90	0.57	-2.16	0.73	-0.13

Span-America Medical Systems 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.99 Mil.

Span-America Medical Systems (NAS:SPAN) 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.

Span-America Medical Systems's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.434	/	15.226	*	91
=	44.55

2. In Ben Graham's calculation of liquidation value, Span-America Medical Systems's accounts receivable are only considered to be worth 75% of book value:

Span-America Medical Systems's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.274	-	5.228	+	0.75 * 7.434	+	0.5 * 7.371
=	11.31

Span-America Medical Systems Change In Receivables Related Terms

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Span-America Medical Systems (Span-America Medical Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Span-America Medical Systems Inc (NAS:SPAN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.spanamerica.com

Span-America Medical Systems Inc was incorporated under the laws of the state of South Carolina on September 21, 1970. The Company manufactures and distributes therapeutic support surfaces, mattress overlays, patient positioners, seating cushions, skin care products and fall prevention products for the medical market and pillows, mattress pads and various foam products for the custom products market throughout the United States and Canada. Its operations are divided into two main business units or segments: medical and custom products. The Company's main medical products consist of polyurethane foam mattress overlays, therapeutic support surfaces (which consist of non-powered and powered therapeutic support surfaces) and patient positioners as well as Selan (r) skin care, seating and fall protection products. The Company's custom products segment includes two product lines namely consumer bedding products and various engineered industrial products. The Company's consumer product line consists mainly of convoluted and contour-cut mattress overlays and specially designed pillows for the consumer bedding market. It sells these products mainly in North America to customers in the segments of the health care market, including acute care hospitals, long-term care facilities and home health care providers. The Company's manufacturing operations are subject to various government regulations pertaining to the discharge of materials into the environment.

Executives

Terry Allison Rappuhn	director	P O BOX 58062, NASHVILLE TN 37205
Thomas Joseph Sullivan	director	64 PETTIT PL PRINCETON NJ 08540
Robert B Johnston	director

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