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Imax (IMAX) Accounts Receivable : $266.2 Mil (As of Mar. 2024)


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What is Imax Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Imax's accounts receivables for the quarter that ended in Mar. 2024 was $266.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Imax's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 306.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Imax's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-5.07.


Imax Accounts Receivable Historical Data

The historical data trend for Imax'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.

* Premium members only.

Imax Accounts Receivable Chart

Imax Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 227.55 188.11 251.10 143.84 144.73

Imax Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 254.57 251.21 261.28 144.73 266.19

Imax Accounts Receivable Calculation

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


Imax 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.

Imax's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=266.193/79.123*91
=306.99

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

Imax's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(81.017+0.75 * 266.193+0.5 * 36.153-490.761
-0-74.577)/52.6222
=-5.07

* 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.


Imax Accounts Receivable Related Terms

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Imax (IMAX) Business Description

Traded in Other Exchanges
Address
2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1
Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 1,630 today and increased the annual number of Imax releases from 13 in 2007 to 68 in 2028. Roughly 70% of the firm's screens are in China (48%) and the U.S. (22%), but Imax has screens in 87 countries.
Executives
Calamera Pablo officer: CTO & EVP C/O IMAX CORPORATION, 902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Kenneth Ian Weissman officer: Sr VP & Corporate Secretary 902 BROADWAY AVE, 20TH FLOOR, NEW YORK NY 10010-6002
Richard L Gelfond director, officer: Chief Executive Officer 902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Denny Tu officer: Chief Marketing Officer 12582 WEST MILLENNIUM DRIVE, PLAYA VISTA CA 90094
Daniel Manwaring officer: CEO, IMAX China Holding, Inc. IMAX CORPORATION, 902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Mark Welton officer: Executive Vice President 2525 SPEAKMAN DRIVE, C/O IMAX CORP, MISSISSAUGA A6 L5K 1B1
Gail Berman director 902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Elizabeth Gitajn officer: SVP, Finance & Controller 2525 SPEAKMAN DRIVE, MISSISSAUGA, ONTARIO Z4 L5K 1B1
Jennifer L. Wong director C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281
Michele Golden officer: Global Chief People Officer 902 BROADWAY, FLOOR 20, NEW YORK NY 10010
Natasha Fernandes officer: Chief Financial Officer 2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K1B1
Jacqueline Bassani officer: Chief People Officer 2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K1B1
Robert D Lister officer: Exec VP Bus&Legal Affairs 902 BROADWAY, 20TH FLOOR, C/O IMAX CORP, NEW YORK NY 10022
Steve Pamon director 1241 E MAIN ST, STAMFORD CT 06902-3520
Megan Colligan officer: President IMAX Entertainment 12582 WEST MILLENNNIUM DRIVE, LOS ANGELES CA 90094