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International Star (International Star) Accounts Receivable : $0.00 Mil (As of Sep. 2011)


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What is International Star Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. International Star's accounts receivables for the quarter that ended in Sep. 2011 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. International Star's Net-Net Working Capital per share for the quarter that ended in Sep. 2011 was $-0.01.


International Star Accounts Receivable Historical Data

The historical data trend for International Star'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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International Star Accounts Receivable Chart

International Star Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Accounts Receivable
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International Star Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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International Star Accounts Receivable Calculation

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


International Star 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.

International Star's Days Sales Outstanding for the quarter that ended in Sep. 2011 is calculated as:

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

International Star's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2011 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)
=(0.043+0.75 * 0+0.5 * 0-1.795
-0-0)/294.512
=-0.01

* 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.


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.


International Star Accounts Receivable Related Terms

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International Star (International Star) Business Description

Traded in Other Exchanges
N/A
Address
8 The Green, Suite 13940, Dover, DE, USA, 19901
International Star Inc operates through its wholly owned subsidiary, Budding Equity Inc which owns and licenses intellectual property through contracts with movie studios and celebrities. The company structures licensing deals with third parties for cannabis-related products. The company also has joint venture partnerships with affiliates of Ice Cube and Kevin Smith for licensing and branding cannabis products. A core focus of ILST remains acquiring and developing businesses with high growth potential in the cannabis space and beyond.