indiePub Entertainment (indiePub Entertainment) Accounts Receivable : $0.03 Mil (As of Sep. 2012)

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What is indiePub Entertainment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. indiePub Entertainment's accounts receivables for the quarter that ended in Sep. 2012 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. indiePub Entertainment's Days Sales Outstanding for the quarter that ended in Sep. 2012 was 20.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. indiePub Entertainment's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was $-0.71.

indiePub Entertainment Accounts Receivable Historical Data

The historical data trend for indiePub Entertainment'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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indiePub Entertainment Accounts Receivable Chart

indiePub Entertainment Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Accounts Receivable

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1.83

4.02

13.74

0.11

indiePub Entertainment Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Accounts Receivable	Get a 7-Day Free Trial															0.34	0.11	0.05	0.06	0.03

indiePub Entertainment Accounts Receivable Calculation

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

indiePub Entertainment 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.

indiePub Entertainment's Days Sales Outstanding for the quarter that ended in Sep. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.034	/	0.154	*	91
=	20.15

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

indiePub Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2012 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)
=	(0.057	+	0.75 * 0.034	+	0.5 * 0	-	7.441
-	0	-	0)	/	10.3995
=	-0.71

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.

indiePub Entertainment Accounts Receivable Related Terms

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indiePub Entertainment (indiePub Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » indiePub Entertainment Inc (OTCPK:IPUB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11258 Cornell Park Drive, Suite 608, Cincinnati, OH, USA, 45242

Website

http://www.indiepubgames.com

indiePub Entertainment Inc is a developer, publisher, and distributor of interactive entertainment software for digital distribution channels.

Executives

David E Smith	10 percent owner	888 LINDA FLORA DRIVE, LOS ANGELES CA 90049
Ray Schaaf	director, officer: President & CEO	C/O MANDALAY MEDIA, INC., 2121 AVENUE OF THE STARS, LOS ANGELES CA 90067
Jay Wolf	director, officer: Secretary	981 LINDA FLORA DRIVE, LOS ANGELES, CA 90049
Barry Regenstein	director	C/O COMMAND SECURITY CORP., RTE 55 LEXINGTON PARK P.O. BOX 340, LAGRANGEVILLE NY 12540
Drew Larner	director	15260 VENTURA BOULEVARD, 20TH FLOOR, SHERMAN OAKS CA 91403
Robert S Ellin	10 percent owner	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010
Trinad Capital L.p.	10 percent owner	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010
Trinad Management, Llc	10 percent owner	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES DE 90010
Trinad Capital Master Fund Ltd.	10 percent owner	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010
Trinad Advisors Ii, Llc	10 percent owner	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010

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