Artio Global Investors, (FRA:A1I) Accounts Receivable : €0.00 Mil (As of Mar. 2013)

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What is Artio Global Investors, Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Artio Global Investors,'s accounts receivables for the quarter that ended in Mar. 2013 was €0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Artio Global Investors,'s Days Sales Outstanding for the quarter that ended in Mar. 2013 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Artio Global Investors,'s Net-Net Working Capital per share for the quarter that ended in Mar. 2013 was €0.96.

Artio Global Investors, Accounts Receivable Historical Data

The historical data trend for Artio Global Investors,'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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Artio Global Investors, Accounts Receivable Chart

Artio Global Investors, Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Accounts Receivable

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Artio Global Investors, Quarterly Data
	Dec08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Accounts Receivable	Get a 7-Day Free Trial												-	-	-	-	-

Artio Global Investors, Accounts Receivable Calculation

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

Artio Global Investors, 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.

Artio Global Investors,'s Days Sales Outstanding for the quarter that ended in Mar. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	12.04	*	91
=	0.00

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

Artio Global Investors,'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 2013 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)
=	(99.256	+	0.75 * 0	+	0.5 * 0	-	41.097
-	0	-	0)	/	60.350
=	0.96

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.

Artio Global Investors, Accounts Receivable Related Terms

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Artio Global Investors, Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Artio Global Investors, Inc. (FRA:A1I) » Definitions » Accounts Receivable

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Address

Website

Artio Global Investors Inc. was incorporated in Delaware. The Company is an asset management Company that provides investment management services to institutional and mutual fund clients. In addition to International Equity, it offers a select group of other equity and fixed income strategies, including Global Equity, a series of U.S. Equity strategies, High Grade Fixed Income, High Yield and Local Emerging Markets Debt. Currently, it manage and advise the following investment vehicles through which clients can access its investment capabilities: proprietary funds; commingled institutional investment vehicles; institutional separate accounts; sub-advisory accounts; and a hedge fund. Its operations and clients are based principally in the U.S.; however, a substantial portion of its AuM is invested outside of the U.S. Its revenues are mainly billed in U.S. dollars, driven by investment management fees earned from managing clients' assets, and are calculated on the U.S. dollar value of the investment assets it manage for clients. Its distribution efforts target institutions and organizations that demonstrate institutional buying behavior and longer-term investment horizons, such as pension fund consultants, broker dealers, registered investment advisors ('RIAs'), mutual fund platforms and sub-advisory relationships, enabling it to achieve significant leverage from its focused sales force and client service infrastructure. It also manage assets for more than 700,000 retail mutual fund shareholders through SEC-registered funds and other retail investors through 10 funds that it sub-advise for others. It competes in all aspects of its business with other investment management companies. The Company's business is subject to extensive regulation in the U.S. at both the federal and state level, as well as by self-regulatory organizations and outside the U.S.

Artio Global Investors, Headlines

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