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9.62 (1y: +34%)
Market Cap 910.4 M P/E(ttm) 76.30
Enterprise Value 2.05 B P/B 2.10
IRET- NYSE (USA)
Investors Real Estate Trust
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
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$9.62
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Investors Real Estate Trust Accounts Receivable: 29.0 ( as of Jan13)

* All numbers are in millions except for per share data IRET 10-Y Financials »

Definition

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

Explanation

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Accounts receivable can be measured by Days Sales Outstanding:

Days Sales Outstanding = Account Receivable/Revenue x Days in Period.

In Ben Graham’s calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value:

Liquidation value = Cash and cash equivalents + (0.75 * accounts receivable) + (0.5 * inventory) - Total Liabilities

Beaware

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.

Related Terms

Days Sales Outstanding, Total Current Assets
* All numbers are in millions except for per share data

Investors Real Estate Trust Annual Data

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Investors Real Estate Trust Quarterly Data

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