Isle of Capri Casinos (Isle of Capri Casinos) Accounts Receivable : $10 Mil (As of Jan. 2017)

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What is Isle of Capri Casinos Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Isle of Capri Casinos's accounts receivables for the quarter that ended in Jan. 2017 was $10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Isle of Capri Casinos's Days Sales Outstanding for the quarter that ended in Jan. 2017 was 4.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Isle of Capri Casinos's Net-Net Working Capital per share for the quarter that ended in Jan. 2017 was $-24.24.

Isle of Capri Casinos Accounts Receivable Historical Data

The historical data trend for Isle of Capri Casinos'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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Isle of Capri Casinos Accounts Receivable Chart

Isle of Capri Casinos Annual Data

Trend

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Accounts Receivable

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6.94

11.08

12.62

11.17

13.25

Isle of Capri Casinos Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Accounts Receivable	Get a 7-Day Free Trial															10.92	13.25	11.18	9.68	9.94

Isle of Capri Casinos Accounts Receivable Calculation

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

Isle of Capri Casinos 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.

Isle of Capri Casinos's Days Sales Outstanding for the quarter that ended in Jan. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.937	/	193.817	*	91
=	4.68

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

Isle of Capri Casinos's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2017 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)
=	(71.519	+	0.75 * 9.937	+	0.5 * 5.641	-	1084.379
-	0	-	0)	/	41.3594
=	-24.24

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.

Isle of Capri Casinos Accounts Receivable Related Terms

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Isle of Capri Casinos (Isle of Capri Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Isle of Capri Casinos Inc (NAS:ISLE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.isleofcapricasinos.com

Isle of Capri operates 13 casinos in the United States, in cities ranging from Lula, Miss., to Kansas City, Mo., three casinos in the United Kingdom, and one in the Bahamas. The firm's casinos are regionally or locally focused, aiming to offer a fun entertainment alternative. Founded in 1990 and based in St. Louis, the company employs about 8,500 people.

Executives

Quatmann Edmund L Jr	officer: Chief Legal Officer	600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141
Gregory J. Kozicz	director	8800 PAGE AVENUE, ST.LOUIS MO 63114
Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Lee S Wielansky	director	PAUL HASTINGS, 75 EAST 55TH STREET, NEW YORK NY 10022
Eric L Hausler	officer: Chief Executive Officer	C/O TRUMP ENTERTAINMENT RESORTS, 1000 BOARDWALK, ATLANTIC CITY NJ 08401
Scott E Schubert	director	C/O SONUS NETWORKS, INC., 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
James Perry	officer: Executive Chairman