Inmet Mining (FRA:MMC) Accounts Receivable : €0.0 Mil (As of Dec. 2012)

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What is Inmet Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Inmet Mining's accounts receivables for the quarter that ended in Dec. 2012 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Inmet Mining's Days Sales Outstanding for the quarter that ended in Dec. 2012 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. Inmet Mining's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was €-4.30.

Inmet Mining Accounts Receivable Historical Data

The historical data trend for Inmet Mining'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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Inmet Mining Accounts Receivable Chart

Inmet Mining Annual Data

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Accounts Receivable

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Inmet Mining Quarterly Data
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Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Inmet Mining Accounts Receivable Calculation

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

Inmet Mining 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.

Inmet Mining's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	198.019	*	91
=	0.00

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

Inmet Mining's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(1847.711	+	0.75 * 0	+	0.5 * 70.408	-	2182.817
-	0	-	0)	/	69.801
=	-4.30

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.

Inmet Mining Accounts Receivable Related Terms

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Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.