Investor Centre (ASX:ICU) Accounts Receivable : A$0.35 Mil (As of Dec. 2023)

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What is Investor Centre Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Investor Centre's accounts receivables for the quarter that ended in Dec. 2023 was A$0.35 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Investor Centre's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3,969.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Investor Centre's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.01.

Investor Centre Accounts Receivable Historical Data

The historical data trend for Investor Centre'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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Investor Centre Accounts Receivable Chart

Investor Centre Annual Data

Trend

Jun14

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Jun23

Accounts Receivable

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0.05

Investor Centre Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.17	0.05	0.04	-	0.35

Investor Centre Accounts Receivable Calculation

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

Investor Centre 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.

Investor Centre's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.348	/	0.016	*	91
=	3,969.38

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

Investor Centre's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(0.101	+	0.75 * 0.348	+	0.5 * 0	-	2.521
-	0	-	0)	/	303.198
=	-0.01

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.

Investor Centre Accounts Receivable Related Terms

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Investor Centre (ASX:ICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Investor Centre Ltd (ASX:ICU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

10 Eagle Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.birfinancial.com.au

Investor Centre Ltd through its subsidiary provides financial services. The company is engaged in a diversified financial services business which provides financial services to private wholesale and institutional and corporate clients. Its primary source of continuing revenue is the provision of licensing to Corporate Authorised Representatives (CAR's) who act as Introducing Brokers (IB's) for broker platforms and master brokers.