Spongetech Delivery Systems, Inc. (fka SPNGQ)

[smokey888]

Posted by: smokey888 Date: Monday, June 15, 2009 1:16:49 PM
In reply to: nicknick who wrote msg# 112731 Post # of 318752

Average collection 254 days.
What community college did you spend $18.99 per credit hour to learn that was a good number? Of course AR are going to increase with increased revenues. However, you need to collect them (a)in a reasonable amount of time, (b) DO COLLECT THEM. Steve has told us that they are great at collecting them, but Cash Flow and the average days out does not show that. Why don't you give us all a quick FS 101 class on how to "read" them?